Keller Williams Acquires Multifamily Property In Van Nuys For $2.6M

A multifamily property located at 13825 Vanowen St in Van Nuys, CA has been sold for a total price of $2,635,500. The property consists of 14 units with a total square footage of 10,793. The price per square foot for this transaction was $244.19. The sale price per unit was $188,250. The property has a capitalization rate of 4.27% and a gross rent multiplier of 13.70.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,635,500
• Address: 13825 Vanowen St, Van Nuys, CA
• Market: Van Nuys
• Square Footage: 10,793
• Price per Square Foot: $244.19
• Number of Units: 14
• Price per Unit: $188,250
• CAP: 4.27%
• GRM: 13.70

The sale of this multifamily property was facilitated by brokers Rick Raymundo from Marcus & Millichap, and James Antonucci and Michael Pesci from Keller Williams.