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8924 Van Nuys Boulevard, Pa...

Rigo Romo Acquires Multifamily Property In Panorama City From Henry Manoucheri For $3.83M
SOLDMultiFamily

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

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.

Players

David Leibowitz

IREA

Broker

$111.7M

vol

15 deals

Broker
Henry Manoucheri

Henry Manoucheri

Universe Holdings

Seller

$174.9M

vol

8 deals

Seller

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

4.14%

Cash-on-Cash

-1.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93