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22121 Clarendon Street

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

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.

Players

Sam Liberow

Marcus & Millichap

Broker

$762.3M

vol

105 deals

Broker

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