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

Property Image
SOLD
$30,000,000
Corey Spound
+ 1

California

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MultiFamily
Sold 04/14/2021
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Property Image
SOLD

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

9135 Woodman Avenue

See Similar Deals
MultiFamily
Sold 04/14/2021
Corey Spound
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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

6 deals$124.4M volume(818) 464-3215
BROKER



2 deals$60M volume
BUYER

2 deals$60M volume
SELLER

Details

SOLD
IMAGE: 04/15/2021 ADDRESS: 9135 Woodman Ave, 14201 Nordhoff St - Woodman Nordhoff MARKET: Panorama City ASSET TYPE: Multifamily BUYER: Woodman Arleta Housing LP SELLER: Julian Weinstock Construction Co. BROKERS: David B Kaufman @DavidBKaufman & Corey I Spound @CoreySpound SALE PRICE: $30,000,000 UNITS: 80 ~ PPU: $375,000 CAP: 3.6

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$106,583.66
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