Updated Dec 4, 2024
Avi Langer Of LA Apartments Acquires Multifamily Property In Panorama City For $9.3M
8434 Willis Avenue
$9,300,000
$46,268/SF
Building Size
201 SF
Asset Type
MultiFamily
Closing
Apr 16, 2024
About this deal
AI
The multifamily property located at 8434 Willis Avenue in Panorama City was sold for $9,300,000. The property consists of 72 units, with a price per unit of $129,167. The total square footage of the property is 201, and the price per square foot is $46,269.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $9,300,000
- Buyer: Avi Langer - LA Apartments
- Seller: Hwan Kim
- Brokers: Neema Ahadian & Sean Nami - Marcus & Millichap
Neema Ahadian and Sean Nami from Marcus & Millichap represented the parties involved in the transaction, facilitating the sale of the multifamily property in Panorama City. The deal was successfully closed on 04/16/2024.
Players
Panorama City 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93