Updated Dec 4, 2024
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
About this deal
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.
The multifamily sale at 6225 Reseda Boulevard in Tarzana, California sold for $7.1M in 2024. The building is 25,718 square feet, implying about 275 per square foot on the published price. Tony Boyajian, Michael Tootikian, Keller Williams Realty appear on the sale alongside Keller Williams Realty. This page is the Tarzana, California file for the 6225 Reseda Boulevard multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Tarzana sit in the Market section below. Filter that Tarzana multifamily set by closing date to see what else sold near 6225 Reseda Boulevard around 2024. Published consideration for 6225 Reseda Boulevard is $7.1M, dated 2024. Cite this Michael Tootikian & Tony Boyajian Facilitate $7.08M Sale In Tarzana Multifamily Deal sale when underwriting similar multifamily product around Tarzana, California.
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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