SOLDMultiFamily
Michael Tootikian & Tony Boyajian Facilitate $7.08M Sale In Tarzana Multifamily Deal
6225 Reseda Boulevard
$7,075,000
$275/SF
Building Size
25,718 SF
Asset Type
MultiFamily
Closing
Apr 8, 2024
AI
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.
Players
Tarzana 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
2.24%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93