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9135 Woodman Avenue

Updated Oct 29, 2024

Bilt advertisement
Woodman Arleta Housing LP Acquires Multifamily Asset In Panorama City For $30M
SOLDMultiFamily

Woodman Arleta Housing LP Acquires Multifamily Asset In Panorama City For $30M

9135 Woodman Avenue

$30,000,000

Units

80

Asset Type

MultiFamily

Closing

Apr 14, 2021

About this deal

AI

Woodman Nordhoff, located at 9135 Woodman Ave and 14201 Nordhoff St in Panorama City, has been sold in a closed transaction. The multifamily property was purchased by Woodman Arleta Housing LP from Julian Weinstock Construction Co. The deal was brokered by David B Kaufman of @DavidBKaufman and Corey I Spound of @CoreySpound.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $30,000,000
  • Units: 80
  • Price Per Unit: $375,000
  • Capitalization Rate: 3.6

The Woodman Nordhoff sale highlights the collaboration between Woodman Arleta Housing LP and Julian Weinstock Construction Co. The transaction was facilitated by David B Kaufman from @DavidBKaufman and Corey I Spound from @CoreySpound. With its desirable location in Panorama City and a total of 80 units, this multifamily property offers an attractive investment opportunity.

Players

Corey Spound

Broker

$124.4M

vol

6 deals

Broker

Woodman Arleta

Buyer

$60M

vol

2 deals

Buyer

Julian Weinstock

Construction Co.

Seller

$60M

vol

2 deals

Seller

Arleta MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $375K per unit across 80 units on a published $30M (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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