Updated Feb 5, 2025
Optimus Properties Acquires Multifamily Property In Van Nuys For $21.25M
15425 Sherman Way, Van Nuys, Ca 91406, Usa
$21,250,000
$51,829/SF
Building Size
410 SF
Asset Type
MultiFamily
Closing
Jul 22, 2020
About this deal
AI
The multifamily property located at 15425 Sherman Way in Van Nuys has been sold in a closed transaction. The property consists of 100 units, with a price of $21,250,000, resulting in a per unit price of $212,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,250,000
- Units: 100
- Price per Unit: $212,500
- Date: 07/23/2020
- Address: 15425 Sherman Way
- Market: Van Nuys
Optimus Properties, a buyer, has acquired the multifamily property. The deal was facilitated by the brokers Janet Neman and Angelica Gotzev from Kidder Matthews.
Players
Van Nuys 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
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93