Rio Company Acquires 39-Unit Property In Reseda For $9.3M With Representation By Filip Niculete & Jonathan Erster

The property located at 18540 Wyandotte & 7249 Baird Ave, Reseda, 91335 has been sold in a transaction. The buyers, Rio Company, acquired the property from the sellers, Berglas & Garfield, for a price of $9,275,000. The property comprises of 39 units.

Summary of transaction details

• Property Type: Sale
• Transaction Amount: $9,275,000
• Units: 39

A team of brokers facilitated the deal, including Filip Niculete, Jonathan Erster, Jonathan Krikorian, Clark Everitt, and William Everitt. The price per unit for this transaction was $237,821, and the price per square foot was $313.47. The property's capitalization rate stands at 4.41%, and the gross rent multiplier (GRM) is 13.85.