PCS Corp Acquires Multifamily Property In San Fernando Valley For $25.75M
5931 Reseda Boulevard, Tarzana, CA, USA
$25,750,000
$395/SF
Building Size
65,040 SF
Asset Type
MultiFamily
Closing
May 14, 2019
AI
The property asset involved in this transaction is a multifamily building located at 5931-5919 Reseda Blvd in the San Fernando Valley. The sale took place on May 15, 2019, with a total price of $25,750,000. The building has a total square footage of 65,040, resulting in a price per square foot of $395.91. It consists of 112 units, with an average price per unit of $229,910.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $25,750,000
- Address: 5931-5919 Reseda Blvd, San Fernando Valley
- Market: San Fernando Valley
- Seller: LION LLC
- Buyer: PCS CORP
- Broker: Michael Koshet
- Square Footage: 65,040
- Price per Square Foot: $395.91
- Units: 112
- Price per Unit: $229,910
The transaction was facilitated by Michael Koshet, who represented the buyer and seller in the deal.
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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93