Clyde Isaacson Acquires Multifamily In Tarzana For $9.91M
SOLD
$9,910,000
California
See Similar DealsMultiFamily26,840 SF
Sold 05/20/2022
SOLD
Clyde Isaacson Acquires Multifamily In Tarzana For $9.91M
18634 Clark Street, Tarzana, California 91356, United States
See Similar DealsMultiFamily26,840 SF
Sold 05/20/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$369
Total Square Footage:26,840 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$528,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,208.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,978.46
Annual Debt Service$563,741.47
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