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Michael Tootikian & Tony Boyajian Facilitate $7.08M Sale In Tarzana Multifamily Deal
SOLD
California
See Similar DealsMultiFamily25,718 SF
Sold 04/08/2024
SOLD
Michael Tootikian & Tony Boyajian Facilitate $7.08M Sale In Tarzana Multifamily Deal
6225 Reseda Boulevard
See Similar DealsMultiFamily25,718 SF
Sold 04/08/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$275
Total Square Footage:25,718 SF
Transaction Type:Sale
6225 Reseda Boulevard in Tarzana, a multifamily property spanning 0.74 acres, was sold for $7,075,000. The property boasts 25,718 square feet and was transacted at a rate of $275 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,075,000
- Address: 6225 Reseda Boulevard
- Market: Tarzana
- Asset Type: Multifamily
- Acres: 0.74
Keller Williams brokers Michael Tootikian and Tony Boyajian were the key figures behind the successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$377,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,135.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,539.11
Annual Debt Service$402,469.31
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