IEC Acquires Multifamily Property On Reseda Blvd For $15.1M | 5911-5917 Reseda Boulevard | Michael Koshet | MultiFamily | Sale

Summary

Sale

CALIFORNIA

MultiFamily

46,548 sqft

Interstate Equities Corporation (IEC) has acquired a multifamily property in the San Fernando Valley market. Located at 5911-5917 Reseda Blvd, the property consists of 48 units and spans a total area of 46,548 square feet. The transaction took place on February 26, 2020, with a sale price of $15,100,000, resulting in a price per square foot of $324.40.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $15,100,000
Address: 5911-5917 Reseda Blvd, San Fernando Valley
Market: San Fernando Valley
Units: 48
Square Footage: 46,548
Buyer: Interstate Equities Corporation (IEC)
Seller: Lion REG
Broker: Michael Koshet

Michael Koshet played a key role as the broker representing the parties in this transaction.

Players

All
2

Agents
1
Agencies
1

Michael Koshet

Founder/Multifamily Specialist

$156.3M Sold

Keller Williams

Details

Deal Summary

SOLD

IMAGE: Michael Koshet, Marshall Boyd & Jeff Weller DATE: 02/26/2020 ADDRESS: 5911-5917 Reseda Blvd MARKET: San Fernando Valley ASSET TYPE: Multifamily PRICE: $15,100,000 SF: 46,548 PPSF: $324.40.40 UNITS: 48 PPU: $314,583 BUYER: IEC - Interstate Equities Corporation SELLER: Lion REG BROKERS: Michael Koshet

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Address5911-5917 Reseda Boulevard

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