Updated Oct 25, 2024
Rigo Romo Acquires Multifamily Property In Panorama City From Henry Manoucheri For $3.83M
8924 Van Nuys Boulevard, Panorama City, CA 91402
$3,830,000
$244/SF
Building Size
15,670 SF
Asset Type
MultiFamily
Closing
Oct 25, 2021
About this deal
AI
A multifamily property located at 8924 Van Nuys Blvd. in Panorama City has been sold for a price of $3,830,000. The transaction took place on 10/25/2021, with the property consisting of 18 units. The sale price per unit was $212,777, and the total square footage of the property is 15,670. The price per square foot was $244.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,830,000
- Address: 8924 Van Nuys Blvd.
- Market: Panorama City
The buyer of the property is Rigo Romo, and the seller is Henry Manoucheri. ReMax, represented by Luis F. Morales, acted as the buyer's representative, while IREA, represented by David Leibowitz, acted as the seller's representative in the deal.
On the Map
$3,830,000
$244/SF
MultiFamily
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.14%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93