facebook
Traded Co logo
Submit

Avi Shlander Acquires 53-Unit Multifamily Property In San Fernando Valley For $12.4M

Property Image
SOLD
$12,400,000
Akash Saini
+ 1

California

See Similar Deals
MultiFamily29,772 SF
Sold 02/18/2022
the dealplayerscompscontact
Property Image
SOLD

Avi Shlander Acquires 53-Unit Multifamily Property In San Fernando Valley For $12.4M

7115 Milwood Ave, San Fernando Valley

See Similar Deals
MultiFamily29,772 SF
Sold 02/18/2022
Akash Saini
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$416
Total Square Footage:29,772 SF
Transaction Type:Sale

A multifamily property located at 7115 Milwood Ave in the San Fernando Valley has been sold for a total of $12,400,000. The property consists of 53 units, with an average price per unit of $233,962. The total square footage of the property is 29,772, with a price per square foot of $416.50.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $12,400,000
  • Address: 7115 Milwood Ave
  • Market: San Fernando Valley
  • Buyer: Avi Shlander
  • Seller: Steven Schwartz-PTR
  • Brokers: Posh Manoochehri & Akash Saini

The property, built in 1977, is located in Canoga Park. This transaction was conducted off-market, with both the seller and the buyer represented by the brokers, Posh Manoochehri and Akash Saini.

Players

Akash Saini
25 deals$77.3M volume(818) 642-0242
BROKER

Posh Manoochehri
Keller Williams Realty
1 deal$12.4M volume
BROKER


3 deals$85M volume
SELLER

Details

SOLD
IMAGE: Akash Saini DATE: 02/18/2022 ADDRESS: 7115 Milwood Ave. MARKET: San Fernando Valley ASSET TYPE: Multifamily BUYER: Avi Shlander SELLER: Steven Schwartz-PTR BROKERS: Posh Manoochehri & Akash Saini (@AkashDSaini) SALE PRICE: $12,400,000 UNITS: 53 ~ PPU: $233,962 SF: 29,772 ~ PPSF: $416.50 NOTE FROM BROKER: 53 Units 1977 Built Canoga Park Sold Off Market Brokers Represented Both SELLER and BUYER.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$661,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$44,054.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,782.33
Annual Debt Service$705,387.91