Ridan Inc. Acquires Winnetka Portfolio Multifamily For $15.55M
19916 Roscoe Blvd, Winnetka, CA, USA
$15,550,000
$194/SF
Building Size
79,868 SF
Asset Type
MultiFamily
Closing
Jul 2, 2018
AI
The Winnetka Portfolio, consisting of 3 properties located at 19916 & 19926 Roscoe Blvd, Winnetka, CA 91306 and 20326 Saticoy St, Winnetka, CA 91306, has been sold. The multifamily asset was sold for a total price of $15,550,000. The total square footage of the properties is 79,868, resulting in a price per square foot of $194.69. The transaction took place on 7/03/2018 in Winnetka, California.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,550,000
- Address: 19916 & 19926 Roscoe Blvd, Winnetka, CA 91306 and 20326 Saticoy St, Winnetka, CA 91306
- Market: Winnetka
- Square Footage: 79,868
- Price per Square Foot: $194.69
The buyer of the Winnetka Portfolio properties was Ridan Inc., while the seller remains undisclosed. The deal was facilitated by brokers Jonathan Erster and Filip Niculete. Their respective agencies were not mentioned in the provided information.
Players
Winnetka 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93