Woodman Arleta Housing LP Acquires 80-Unit Multifamily In Panorama City For $30M
Woodman Nordhoff Apartments, 9135 Woodman Ave, Arleta, CA, USA
$30,000,000
$24,370/SF
Building Size
1,231 SF
Asset Type
MultiFamily
Closing
Apr 14, 2021
AI
A multifamily property located at 9135 Woodman Ave, 14201 Nordhoff St in Panorama City has been sold for a price of $30,000,000. The transaction took place on 04/15/2021. The property consists of 80 units, with an average price per unit of $375,000. The sale was conducted by Julian Weinstock Construction Co., with Woodman Arleta Housing LP as the buyer. The property is located in the Panorama City market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Units: 80
- Price Per Unit: $375,000
The buyer in this transaction was Woodman Arleta Housing LP, while the seller was Julian Weinstock Construction Co. The deal was facilitated by brokers David B Kaufman from @DavidBKaufman and Corey I Spound from @CoreySpound.
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