Woodman Arleta Housing LP Acquires Multifamily Asset In Panorama City For $30M
9135 Woodman Avenue
$30,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 14, 2021
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
Arleta 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93