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Marcus & Millichap Sells Winnetka Multifamily Property For $5.2M With Buyer's Rep Filip Niculete, Glen Scher & Jonathan Erster

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SOLD
$5,200,000

California

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MultiFamily22,287 SF
Sold 02/27/2019
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Property Image
SOLD

Marcus & Millichap Sells Winnetka Multifamily Property For $5.2M With Buyer's Rep Filip Niculete, Glen Scher & Jonathan Erster

20326 Saticoy Street, Winnetka, CA 91306, USA

See Similar Deals
MultiFamily22,287 SF
Sold 02/27/2019
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$233
Total Square Footage:22,287 SF
Transaction Type:Sale

The multifamily property located at 20326 Saticoy St in Winnetka has been sold. The transaction took place on 02/27/2019 for a total price of $5,200,000. This property consists of 33 units with a total square footage of 22,287. The price per unit is approximately $157,576, and the price per square foot is $233.31. The capitalization rate for this transaction is 4.12% and the gross rent multiplier is 13.95. The property is situated in the Winnetka market, offering a great investment opportunity.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,200,000
  • Units: 33
  • Price per Unit: $157,576
  • Square Footage: 22,287
  • Price per Square Foot: $233.31
  • Capitalization Rate: 4.12%
  • Gross Rent Multiplier: 13.95
  • Market: Winnetka

During the transaction, the property was represented by Filip Niculete, Glen Scher, and Jonathan Erster from Marcus & Millichap. These brokers ensured a smooth and successful deal for all parties involved.

Players

Filip Niculete
196 deals$785.1M volume
BROKER

Glen Scher
Marcus & Millichap
190 deals$738.1M volume
BROKER

Jonathan Erster
Marcus & Millichap
11 deals$100.1M volume(818) 212-2724
BROKER

Details

SOLD
IMAGE: Jonathan Erster @ersterj, Glen Scher @glenscher and Filip Niculete @fniculete DATE: 02/27/2019 ADDRESS: 20326 Saticoy St MARKET: Winnetka ASSET TYPE: Multifamily PRICE: $5,200,000 UNITS: 33 PPU: $157,576 SF: 22,287 PPSF: $233.31 CAP: 4.12% GRM: 13.95 BROKERS: Filip Niculete, Glen Scher & Jonathan Erster - Marcus & Millichap

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83