James Capital Advisors Facilitates $3.1M Sale Of Multifamily Property In Panorama City
SOLD
$3,078,080
+ 1
California
See Similar DealsMultiFamily14,868 SF
Sold 12/30/2020
SOLD
James Capital Advisors Facilitates $3.1M Sale Of Multifamily Property In Panorama City
8803 Van Nuys Blvd, Panorama City, CA, USA
See Similar DealsMultiFamily14,868 SF
Sold 12/30/2020
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$207
Total Square Footage:14,868 SF
Transaction Type:Sale
The multifamily property located at 8803 Van Nuys Blvd. in Panorama City has been sold for a price of $3,078,080. The property consists of 16 units, with each unit having a per unit price of $192,380. The total square footage of the property is 14,868, and the price per square foot is $207.03.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,078,080
- Units: 16
- Price per Unit: $192,380
- Total Square Footage: 14,868
- Price per Square Foot: $207.03
- Address: 8803 Van Nuys Blvd.
- Market: Panorama City
Danny Spiwak, Mike Hanassab, Elliot Hassan, and John Katnik of James Capital Advisors represented the brokers involved in the sale of this property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$164,164.27
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,935.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,591.67
Annual Debt Service$175,100.03
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