Updated Oct 19, 2026
Madison Realty Capital Provides $34M Loan For Office To Multifamily Conversion In Woodland Hills
21555 Oxnard Street, Woodland Hills, CA, USA
$34,000,000
$109/SF
Building Size
309,673 SF
Asset Type
Office
Closing
Jan 20, 2021
About this deal
AI
21555 Oxnard Street in Woodland Hills has recently undergone an office to multifamily conversion. The property, owned by TA/Warner Center Investors LLC - Abraham Lerner & Christopher Ellis, has attracted attention in the market.
Summary of transation details
- Property Type: Office to Multifamily Conversion
- Transaction Amount: $34,000,000
The loan for this conversion was provided by Madison Realty Capital. Josh Zegen, representing Madison Realty Capital, facilitated the loan process. The significant loan amount of $34,000,000 demonstrates the promising potential of this project.
On the Map
$34,000,000
$109/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93