Colima Manager LLC Acquires Multifamily Property In Tarzana For $6.2M
6225 Reseda Boulevard, Tarzana, CA 91335, USA
$6,200,000
$241/SF
Building Size
25,718 SF
Asset Type
MultiFamily
Closing
Apr 4, 2019
AI
The multifamily property located at 6225 Reseda Blvd in Tarzana has been sold for a total of $6,200,000. The property spans a total area of 25,718 square feet and was sold at a price of $241 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,200,000
- Date: 04/05/2019
- Address: 6225 Reseda Blvd
- Market: Tarzana
Colima Manager LLC was the buyer of the property, while Barry Herzog acted as the seller. The transaction was facilitated by brokers Michael Tootikian and Tony Boyajian.
Players
Los Angeles 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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93