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
Van Nuys MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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