Colima Manager LLC Acquires Multifamily Property In Tarzana For $6.2M
SOLD
$6,200,000
California
See Similar DealsMultiFamily25,718 SF
Sold 04/05/2019
SOLD
Colima Manager LLC Acquires Multifamily Property In Tarzana For $6.2M
6225 Reseda Boulevard, Tarzana, CA 91335, USA
See Similar DealsMultiFamily25,718 SF
Sold 04/05/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$241
Total Square Footage:25,718 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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