Fulton Court LLC Sells Valley Glen Multifamily To Fulton Ventures LLC For $2.4M
SOLD
$2,400,000
California
See Similar DealsMultiFamily8,509 SF
Sold 07/23/2019
SOLD
Fulton Court LLC Sells Valley Glen Multifamily To Fulton Ventures LLC For $2.4M
6225 Fulton Ave, Valley Glen, CA, USA
See Similar DealsMultiFamily8,509 SF
Sold 07/23/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$282
Total Square Footage:8,509 SF
Transaction Type:Sale
The multifamily property located at 6225 Fulton Ave in Valley Glen has been sold. The property, with a total square footage of 8,509, was sold for a price of $2,400,000, resulting in a price per square foot of $282.05. The transaction took place on July 23, 2019. The buyer, Fulton Ventures LLC, acquired the property from the seller, Fulton Court LLC.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Square Footage: 8,509
- Price per Square Foot: $282.05
- Market: Valley Glen
Representing the deal were brokers Michael Tootikian, Tony Boyajian, and Edan Gross.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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