Tarzana Multifamily Property Sold For $7.07M With Brokers Mike Hanassab, Elliot Hassan, And John Katnik
SOLD
$7,070,000
California
See Similar DealsMultiFamily29,884 SF
Sold 04/20/2021
SOLD
Tarzana Multifamily Property Sold For $7.07M With Brokers Mike Hanassab, Elliot Hassan, And John Katnik
18543 Clark Street, Tarzana, CA, USA
See Similar DealsMultiFamily29,884 SF
Sold 04/20/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$236
Total Square Footage:29,884 SF
Transaction Type:Sale
The multifamily property located at 18543 Clark Street in Tarzana has been sold in a recent transaction. The sale was facilitated by brokers @MikeHanassab, Elliot Hassan, and @JohnKatnik from @JamesCapitalAdvisors. The transaction took place on April 20, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $7,070,000
- Number of Units: 28
- Price per Unit: $252,500
- Square Footage: 29,884
- Price per Square Foot: $236
- Market: Tarzana
The property consists of 28 units with a total square footage of 29,884. The sale price for the multifamily property was $7,070,000, translating to a price per unit of $252,500. The price per square foot was $236. The property is situated in the market of Tarzana.
The transaction was facilitated by brokers @MikeHanassab, Elliot Hassan, and @JohnKatnik from @JamesCapitalAdvisors. The involvement of these brokers ensured a successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$377,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,118.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,515.41
Annual Debt Service$402,184.88
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