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IEC Acquires Multifamily Property On Reseda Blvd For $15.1M

Property Image
SOLD
$15,100,000

California

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MultiFamily46,548 SF
Sold
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Property Image
SOLD

IEC Acquires Multifamily Property On Reseda Blvd For $15.1M

5917 Reseda Boulevard, Tarzana, CA, USA

See Similar Deals
MultiFamily46,548 SF
Sold
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$324
Total Square Footage:46,548 SF
Transaction Type:Sale

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

Michael Koshet
Keller Williams Realty
Michael Koshet
8 deals$223.4M volume(818) 915-3829
BROKER
Interstate Equities Corp.
Interstate Equities Corp.
BUYER

Details

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 UNITS: 48 PPU: $314,583 BUYER: IEC - Interstate Equities Corporation SELLER: Lion REG BROKERS: Michael Koshet

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0.94x

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