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6225 Reseda Boulevard

Michael Tootikian & Tony Boyajian Facilitate $7.08M Sale In Tarzana Multifamily Deal
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

Michael Tootikian

Keller Williams Realty

Broker

$34.5M

vol

5 deals

Broker

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