Marcus & Millichap Sells Van Nuys Multifamily Property For $2.69M
14019 Vanowen Street
MultiFamily
78,400 SF
78,400 SF
Sold 1 year ago
Summary
A multifamily property located at 14019 Vanowen St in Van Nuys has been sold for a price of $2,690,000. The property spans across 7,840 square feet, resulting in a price per square foot of $343.07. With a total of 5 units, the price per unit stands at $538,000. The transaction represents a capitalization rate of 5.05% and a gross rent multiplier of 12.88.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,690,000
- Square Footage: 7,840
- Price per Square Foot: $343.07
- Number of Units: 5
- Price per Unit: $538,000
- Capitalization Rate: 5.05%
- Gross Rent Multiplier: 12.88
The sale of this property was facilitated by Filip Niculete, Glen Scher & Lonnie McDermott, who represented the parties involved in the transaction. They are associated with Marcus & Millichap, a respected brokerage firm.
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14019 Vanowen Street
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