Marcus & Millichap Brokers Facilitate $4.35M Sale Of Multifamily Property In Van Nuys
7461 Hazeltine Avenue, Van Nuys, CA 91405, USA
$4,350,000
$226/SF
Building Size
19,212 SF
Asset Type
MultiFamily
Closing
Mar 28, 2019
AI
The multifamily property located at 7461 Hazeltine Ave in Van Nuys has been sold for a price of $4,350,000. The property spans 19,212 square feet and has a price per square foot of $226.41. It consists of 29 units, with a price per unit of $150,000. The sale reflects a capitalization rate of 4.58% and a gross rent multiplier of 12.51.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Market: Van Nuys
- Square Footage: 19,212
- Price per Square Foot: $226.41
- Number of Units: 29
- Price per Unit: $150,000
- Capitalization Rate: 4.58%
- Gross Rent Multiplier: 12.51
The deal was facilitated by the brokers Filip Niculete, Glen Scher, and Edward Chao from Marcus & Millichap, along with Makan Mostafavi.
Players
Los Angeles 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93