Updated Oct 29, 2024
Sussex Capital Acquires Multifamily Property In Chatsworth For $26.4M
21700 Septo St, Chatsworth, CA 91311, USA
$26,400,000
$31/SF
Building Size
831,240 SF
Asset Type
MultiFamily
Closing
Aug 16, 2020
About this deal
AI
The property involved in this transaction is a multifamily asset located at 21700-34 Septo Street in the Chatsworth market. The property spans a total of 83,124 square feet and was sold for a price of $26,400,000, resulting in a price per square foot of $317.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $26,400,000
- Market: Chatsworth
- Address: 21700-34 Septo Street
- Square Footage: 83,124
- Price per Square Foot: $317
The buyer in this transaction is Sussex Capital. Representing the buyer and seller in this deal were Daniel Withers and John Boyett.
Players
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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93