Rigo Romo Acquires Multifamily Property In Panorama City From Henry Manoucheri For $3.83M
SOLD
$3,830,000
California
See Similar DealsMultiFamily15,670 SF
Sold 10/25/2021
SOLD
Rigo Romo Acquires Multifamily Property In Panorama City From Henry Manoucheri For $3.83M
8924 Van Nuys Boulevard, Panorama City, CA 91402
See Similar DealsMultiFamily15,670 SF
Sold 10/25/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$244
Total Square Footage:15,670 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$204,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,607.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,156.15
Annual Debt Service$217,873.85
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