Updated Oct 29, 2024
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
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