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Marcus & Millichap And KW Commercial Acquire Multifamily Property In Granada Hills For $12.05M

16950 Blackhawk Street
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This MultiFamily property located in CA was sold for $12,050,000 over 4 years ago. The brokers of the deal were Rick Raymundo and Hooman Emanuel

A multifamily property located at 16950 Blackhawk Street in Granada Hills has been sold for $12,050,000. The property, consisting of 57 units, spans a total area of 44,721 square feet, resulting in a price per square foot of $269.45. The purchase price per unit stands at $211,404, with a capitalization rate of 4.53% and a gross rent multiplier of 12.52.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $12,050,000
  • Address: 16950 Blackhawk Street
  • Market: Granada Hills
  • Square Footage: 44,721
  • Price per Square Foot: $269.45
  • Units: 57
  • Price per Unit: $211,404
  • Capitalization Rate: 4.53%
  • Gross Rent Multiplier: 12.52

The sale was facilitated by Rick Raymundo of Marcus & Millichap and Hooman Emanuel of KW Commercial, representing the buyer and seller respectively.

View Related

Deals
  • Location
    16950 Blackhawk Street, Granada Hills, CA, USA16950 Blackhawk Street, Granada Hills, CA, USA
  • Sale Price
    $12,050,000$12,050,000
    $269 PPSF$269 PPSF
  • Area
    44,721 SF44,721 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Rick Raymundo

Rick Raymundo

Deals41
Sold$365.3M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Keller Williams

Keller Williams

Agency
Deals1205
Volume$6B

Social

Deal Summary

SALE IMAGE: Rick Raymundo & Hooman Emanuel @HoomanEmanuel DATE: 09/17/2019 ADDRESS: 16950 Blackhawk Street MARKET: Granada Hills ASSET TYPE: Multifamily BROKERS: Rick Raymundo - Marcus & Millichap, Hooman Emanuel - KW Commercial @LACMultifamily PRICE: $12,050,000 SF: 44,721 ~ PPSF: $269.45 UNITS: 57 PPU: $211,404 CAP: 4.53% GRM: 12.52

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16950 Blackhawk Street

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