Updated Oct 29, 2024
Metric Holdings Acquires Development Site In Reseda For $8M
6648 Reseda Boulevard, Reseda, CA 91335, USA
$8,000,000
$1,550/SF
Building Size
5,160 SF
Asset Type
Development Site
Closing
Jan 8, 1920
About this deal
AI
A development site located at 6648-6670 Reseda Blvd in Reseda has been sold for $8,000,000. The transaction took place on January 9, 2020. The property has a buildable square footage (BSF) of 59,723, with a price per buildable square footage (PPBSF) of $133.95. The site comprises 205 units, which translates to a price per unit (PPU) of $39,024.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $8,000,000
- Buildable Square Footage (BSF): 59,723
- Price per Buildable Square Footage (PPBSF): $133.95
- Units: 205
- Price per Unit (PPU): $39,024
The buyer of the property was Metric Holdings, while the seller was 6648 Reseda, LLC. The transaction was facilitated by two brokers, Jay Martinez from Hudson Partners Inc and Elizabeth Clark from Compass Commercial.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Elizabeth Clark to view all their deals.
Browse Los Angeles development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93