Chatsworth Multifamily Sells For $15.2M By La Apartment Advisors
9919 De Soto Avenue, Chatsworth, CA 91311, USA
$15,200,000
$292/SF
Building Size
51,944 SF
Asset Type
MultiFamily
Closing
Dec 18, 2018
AI
A multifamily property located at 9919-9947 De Soto Ave in Chatsworth has been sold for $15,200,000. The property consists of 64 units with a total square footage of 51,944. The price per square foot is approximately $292.62. The cap rate for the property is 4.18% and the gross rent multiplier (GRM) is 13.29.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,200,000
- Address: 9919-9947 De Soto Ave
- Market: Chatsworth
- Units: 64
- Square Footage: 51,944
- Price per Square Foot: $292.62
- Cap Rate: 4.18%
- Gross Rent Multiplier (GRM): 13.29
The sale of this multifamily property was facilitated by Filip Niculete, Glen Scher, and Jonathan Erster of LA Apartment Advisors.
Players
Los Angeles 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93