Goldrich & Kest Acquires Multifamily Property In Reseda For $23.95M
6425 Reseda Blvd, Reseda, CA, USA
$23,950,000
$319/SF
Building Size
74,930 SF
Asset Type
MultiFamily
Closing
May 13, 2019
AI
A multifamily property located at 6425 Reseda Blvd in Reseda has been sold in a transaction by Goldrich & Kest to Lion Real Estate Group for a price of $23,950,000. The property spans an area of 74,930 square feet, resulting in a price per square foot of $319. It consists of 100 units, with an average price per unit of $239,500.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $23,950,000
- Date: 05/14/2019
- Address: 6425 Reseda Blvd
- Market: Reseda
- SF: 74,930
- PPSF: $319
- Units: 100
- PPU: $239,500
The sale of this multifamily property was facilitated by brokers Michael Sterman and Jeff Louks.
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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93