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6958 Woodman Avenue, Van Nu...

Greenbridge Investment Partners Acquires Multifamily Building In Van Nuys For $5.1M
SOLDMultiFamily

Greenbridge Investment Partners Acquires Multifamily Building In Van Nuys For $5.1M

6958 Woodman Avenue, Van Nuys, CA, USA

$5,075,000

$228/SF

Building Size

22,211 SF

Asset Type

MultiFamily

Closing

Mar 25, 2021

AI

Located at 6958 Woodman Blvd. in Van Nuys, this multifamily property was recently sold in a transaction handled by Robert Jacobson and Joshua Farahi of Green Bridge Corp. representing Greenbridge Investment Partners as the buyer and American West Mortgage Services as the seller.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $5,075,000
  • Market: Van Nuys
  • Units: 23
  • Price Per Unit: $220,562

The buyer, Greenbridge Investment Partners, made the purchase from the seller, American West Mortgage Services, at a sale price of $5,075,000. The property consists of 23 units, with each unit having an average price of $220,562. Robert Jacobson and Joshua Farahi, representing Green Bridge Corp., facilitated the transaction as brokers.

Players

Robert Jacobson

Broker

$99.7M

vol

7 deals

Broker
GP
Greenbridge Investment PartnersBuyer
AS
American West Mortgage ServicesSeller

Van Nuys MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.13%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93