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18634 Clark Street, Tarzana...

Clyde Isaacson Acquires Multifamily In Tarzana For $9.91M
SOLDMultiFamily

Clyde Isaacson Acquires Multifamily In Tarzana For $9.91M

18634 Clark Street, Tarzana, California 91356, United States

$9,910,000

$369/SF

Building Size

26,840 SF

Asset Type

MultiFamily

Closing

May 19, 2022

AI

A multifamily property located at 18634 Clark St. in Tarzana has been sold for a total price of $9,910,000. The transaction took place on May 20, 2022. The property consists of 28 units, with an average price per unit (PPU) of $353,928. The total square footage of the property is 26,840, resulting in a price per square foot (PPSF) of $369.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,910,000
  • Date: May 20, 2022
  • Address: 18634 Clark St.
  • Market: Tarzana

The buyer of the property is Clyde Isaacson, while the seller is Tyson Korkmaz. The deal was facilitated by the brokers Michael Sterman and Clyde Isaacson from Tamarack Real Estate Services.

Players

Clyde Isaacson

Tamarack Real Estate Services

Broker

$72.9M

vol

10 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.60%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93