Updated Dec 21, 2023
Neema Ahadian & Sean Nami Acquire Multifamily Property In Panorama City For $22.3M
7851 Ventura Canyon Avenue, Panorama City, California 91402, United States
$22,300,000
$338/SF
Building Size
65,895 SF
Asset Type
MultiFamily
Closing
Mar 24, 2022
About this deal
AI
Located at 7851 Ventura Canyon Ave in Panorama City, this multifamily property was recently sold. The transaction took place on 03/25/2022 and was facilitated by Neema Ahadian and Sean Nami of Marcus & Millichap.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $22,300,000
- Units: 51
- Price per Unit: $437,254
- Square Footage: 65,895
- Price per Square Foot: $338
Neema Ahadian and Sean Nami from Marcus & Millichap represented the buyer and seller in this transaction. The property consists of 51 units with a total square footage of 65,895. The sale price for this multifamily asset was $22,300,000, translating to an average price per unit of $437,254 and a price per square foot of $338.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Sean Nami to view all their deals.
Browse Los Angeles multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93