facebook
Traded Co logo
Submit

Empire USA LLC Purchases Tarzana Multifamily Property For $8.5M

Property Image
SOLD
$8,500,000
Reza Ghobadi
DS
SH

California

See Similar Deals
MultiFamily27,262 SF
Sold 04/30/2019
the dealplayerscompscontact
Property Image
SOLD

Empire USA LLC Purchases Tarzana Multifamily Property For $8.5M

18414 Collins Street, Tarzana, CA 91356, USA

See Similar Deals
MultiFamily27,262 SF
Sold 04/30/2019
Reza Ghobadi
DS
SH
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$311
Total Square Footage:27,262 SF
Transaction Type:Sale

The multifamily property located at 18414 Collins St in Tarzana has been sold for $8.5 million. The transaction, which took place on April 30, 2019, involved a property spanning 27,262 square feet. With a price per square foot of $311, the property consists of 45 units, each valued at an average of $211,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8.5 million
  • Square Footage: 27,262
  • Price per Square Foot: $311
  • Number of Units: 45
  • Price per Unit: $211,000

The buyer of the property is Steven Hartunian, representing Empire USA LLC. On the other side, the seller is David Smith and Diane Fannan, representing Smith Legacy LLC. The broker involved in the deal is Reza Ghobadi from Team Ghobadi.

Players

Reza Ghobadi
Colliers
Reza Ghobadi
37 deals$277.6M volume(818) 325-4142
BROKER
SH
Steven Hartunian
3 deals$25.7M volume
BUYER
SH
Steven Hartunian
3 deals$25.7M volume
BUYER
DS
David Smith
5 deals$27M volume
SELLER
DS
David Smith
5 deals$27M volume
SELLER

Details

SOLD
IMAGE: Reza Ghobadi @teamghobadi DATE: 04/30/2019 ADDRESS: 18414 Collins St MARKET: Tarzana ASSET TYPE: Multifamily PRICE: $8.5M SF: 27,262 PPSF: $311 UNITS: 45 PPU: $211,000 BUYER: Steven Hartunian - Empire USA LLC SELLER: David Smith & Diane Fannan - Smith Legacy LLC BROKER: Reza Ghobadi @TEAMGHOBADI

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$453,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04