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Tamarack Real Estate Services Sells Multifamily Property For $8.7M In Hansen Hills/Pacoima

Property Image
SOLD
$8,726,000

California

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MultiFamily324,440 SF
Sold 09/16/2020
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Property Image
SOLD

Tamarack Real Estate Services Sells Multifamily Property For $8.7M In Hansen Hills/Pacoima

12364 Osborne St, Pacoima, CA 91331, USA

See Similar Deals
MultiFamily324,440 SF
Sold 09/16/2020
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$26
Total Square Footage:324,440 SF
Transaction Type:Sale

The multifamily property located at 12364 Osborne Street in Hansen Hills/Pacoima has been sold. The property spans a total of 32,444 square feet, with each square foot valued at $269. The transaction, which took place on 09/16/2020, involved a total of 21 units, with each unit being sold at an average price of $415,000. The sale of this property was facilitated by Clyde Isaacson of Tamarack Real Estate Services.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,726,000
  • Square Footage: 32,444
  • Price Per Square Foot: $269
  • Number of Units: 21
  • Price Per Unit: $415,000
  • Broker: Clyde Isaacson - Tamarack Real Estate Services

This transaction showcases the successful sale of a multifamily property in Hansen Hills/Pacoima. Clyde Isaacson of Tamarack Real Estate Services played a key role in facilitating the deal, ensuring a smooth transaction for all parties involved.

Players

Clyde Isaacson
10 deals$72.9M volume
BROKER

Details

SOLD
IMAGE: Clyde Isaacson DATE: 09/16/2020 ADDRESS: 12364 Osborne Street MARKET: Hansen Hills/Pacoima ASSET TYPE: Multifamily PRICE: $8,726,000 SF: 32,444 / PPSF: $269 UNITS: 21 / PPU: $415,000 BROKER: Clyde Isaacson – Tamarack Real Estate Services

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,001.63
Cash-on-Cash Return-1.27%
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