Housing Authority Of Los Angeles Acquires Multifamily Asset From Percy Vaz For $141.9M
22121 Clarendon Street
$141,900,000
$481/SF
Building Size
294,729 SF
Asset Type
MultiFamily
Closing
Dec 23, 2024
AI
The property asset involved in this transaction is located at 22121 Clarendon Street in Woodland Hills. This multifamily asset consists of 335 units and encompasses a total square footage of 294,729. It was sold for a transaction amount of $141,900,000, resulting in a price per unit of $423,582 and a price per square foot of $481.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $141,900,000
- Units: 335
- Square Footage: 294,729
- Price Per Unit: $423,582
- Price Per Square Foot: $481
- Buyer: Housing Authority of Los Angeles
- Seller: Percy Vaz - AMCAL Housing
- Broker: Sam Liberow - The Liberow Group - Marcus & Millichap Encino
Key individuals involved in the transaction include the Housing Authority of Los Angeles as the buyer, with Percy Vaz from AMCAL Housing representing the seller's interests. The transaction was facilitated by broker Sam Liberow from The Liberow Group, affiliated with Marcus & Millichap Encino.
Woodland Hills 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93