James Capital Advisors Facilitates $3.1M Sale Of Multifamily Property In Panorama City
8803 Van Nuys Blvd, Panorama City, CA, USA
$3,078,080
$207/SF
Building Size
14,868 SF
Asset Type
MultiFamily
Closing
Dec 29, 2020
AI
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.
Players
Los Angeles 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
5.15%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93