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Housing Authority Of Los Angeles Acquires Multifamily Asset From Percy Vaz For $141.9M

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SOLD
$141,900,000

California

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MultiFamily294,729 SF
Sold 12/23/2024
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SOLD

Housing Authority Of Los Angeles Acquires Multifamily Asset From Percy Vaz For $141.9M

22121 Clarendon Street

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MultiFamily294,729 SF
Sold 12/23/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$481
Total Square Footage:294,729 SF
Transaction Type:Sale

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.

Players

Sam Liberow
105 deals$762.3M volume
BROKER

Details

SOLD
IMAGE: Sam Liberow & Percy Vaz DATE: 12/23/2024 ADDRESS: 22121 Clarendon Street MARKET: Woodland Hills ASSET TYPE: Multifamily BUYER: Housing Authority of Los Angeles SELLER: Percy Vaz - AMCAL Housing BROKER: Sam Liberow (@Sam_Liberow) - The Liberow Group (@TheLiberowGroup) - Marcus & Millichap Encino (@MarcusMillichapEncino) SALE PRICE: $141,900,000 UNITS: 335 ~ PPU: $423,582 SF: 294,729 ~ PPSF: $481

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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)-$504,140.73
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