Joseph Braum Acquires Multifamily Property On Winnetka Ave For $10.4M
SOLD
$10,400,000
California
See Similar DealsMultiFamily45,156 SF
Sold 09/21/2022
SOLD
Joseph Braum Acquires Multifamily Property On Winnetka Ave For $10.4M
7323 Winnetka Avenue & 7323 Winnetka Avenue, Winnetka, California 91306, United States
See Similar DealsMultiFamily45,156 SF
Sold 09/21/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$230
Total Square Footage:45,156 SF
Transaction Type:Sale
The multifamily property located at 7323 Winnetka Ave in Winnetka, CA has been sold in a recent transaction. The property consists of 21 units with a total square footage of 22,578. The sale price for this transaction was $10,400,000, resulting in a price per unit of $495,238 and a price per square foot of $461.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,400,000
- Address: 7323 Winnetka Ave, Winnetka, CA
- Number of Units: 21
- Price per Unit: $495,238
- Total Square Footage: 22,578
- Price per Square Foot: $461
In this transaction, Joseph Braum acted as the buyer, while Stephen Gregorchuk served as the seller. The brokerage firm involved in the deal was KW Commercial, with Kelly Morgan representing the buyer's side as the broker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$554,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67
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