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5505 Whitsett Ave, Valley V...

Janette Monfared Sells Multifamily Property In Valley Village For $8.25M
SOLDMultiFamily

Janette Monfared Sells Multifamily Property In Valley Village For $8.25M

5505 Whitsett Ave, Valley Village, Ca 91607, Usa

$8,250,000

$245/SF

Building Size

33,680 SF

Asset Type

MultiFamily

Closing

Oct 29, 2020

AI

The multifamily property located at 5505 Whitsett Ave in Valley Village has been sold for a transaction price of $8,250,000. The property spans across 33,680 square feet, resulting in a price per square foot of $244.95.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,250,000
  • Square Footage: 33,680
  • Price per Square Foot: $244.95
  • Address: 5505 Whitsett Ave
  • Market: Valley Village

Janette Monfared represented the seller in this transaction, while Mike Hanassab, Elliot Hassan, and John Katnik from James Capital Advisors acted as the buyer's representatives.

Players

Janette Monfared

Marcus & Millichap

Broker

$26.9M

vol

4 deals

Broker

Valley Village 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

1.92%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93