Updated Oct 28, 2024
HACL Acquires Multifamily Property In Van Nuys For $16.6M
7639 Van Nuys Boulevard, Van Nuys, California 91405, United States
$16,600,000
$488/SF
Building Size
34,000 SF
Asset Type
MultiFamily
Closing
Apr 10, 2022
About this deal
AI
A multifamily property located at 7639 Van Nuys Blvd in Van Nuys was recently sold for a total price of $16,600,000. The property consists of 36 units, with an average price per unit of $461,111. The total square footage of the property is approximately 34,000, resulting in a price per square foot of $488. The sale was facilitated by Hooman Emanuel from Keller Williams Studio City, who represented the seller in the transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,600,000
- Units: 36
- Price per Unit: $461,111
- Total Square Footage: 34,000
- Price per Square Foot: $488
- Address: 7639 Van Nuys Blvd, Van Nuys
- Market: Van Nuys
Hooman Emanuel, from Keller Williams Studio City, represented the seller in this transaction. The buyer was represented by their own representative, HACL. Additional details about this transaction are not available.
On the Map
$16,600,000
$488/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93