Ronel LLC Acquires 4-Unit Multifamily In Van Nuys For $1.026M
7129 Woodman Ave, Van Nuys, CA, USA
$1,026,000
$264/SF
Building Size
3,882 SF
Asset Type
MultiFamily
Closing
Oct 6, 2019
AI
A multifamily property located at 7129 Woodman Ave in Van Nuys has been sold for $1,026,000. The property consists of 4 units, offering a value-add opportunity. Victor Ahn from the real estate agency represented both the buyer, Ronel LLC, and the seller, Shermanwood LLC, in this transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,026,000
- Address: 7129 Woodman Ave
- Market: Van Nuys
- Units: 4
- Buyer: Ronel LLC
- Seller: Shermanwood LLC
- Broker: Victor Ahn
This sale presents an opportunity for Ronel LLC to enhance the value of the 4-unit multifamily property in Van Nuys. Victor Ahn, a representative of Ronel LLC, played a crucial role in facilitating this transaction.
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
15.46%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93