Rio Company Acquires 39-Unit Property In Reseda For $9.3M With Representation By Filip Niculete & Jonathan Erster
SOLD
$9,275,000
+ 2
California
See Similar DealsMultiFamily
Sold 11/06/2018
SOLD
Rio Company Acquires 39-Unit Property In Reseda For $9.3M With Representation By Filip Niculete & Jonathan Erster
18540 Wyandotte Street, Reseda, CA, USA
See Similar DealsMultiFamily
Sold 11/06/2018
+ 2
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
Players
Details
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
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$494,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,952.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,968.23
Annual Debt Service$527,618.78
Is there something missing? Send suggestions