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6430 Shirley Avenue, Reseda...

The Greats LP Acquires Multifamily Property In Reseda For $6.2M
SOLDMultiFamily

The Greats LP Acquires Multifamily Property In Reseda For $6.2M

6430 Shirley Avenue, Reseda, CA 91335, USA

$6,200,000

$233/SF

Building Size

26,589 SF

Asset Type

MultiFamily

Closing

Jan 11, 2018

AI

A multifamily property located at 6430-32 Shirley Ave in Reseda was recently sold for a price of $6,200,000. The property spans a total area of 26,589 square feet, resulting in a price per square foot of $233.18. The transaction took place on January 12, 2018, and was facilitated by Almog Strikowski, a broker representing the buyer and seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,200,000
  • Address: 6430-32 Shirley Ave, Reseda
  • Market: Reseda
  • Square Footage: 26,589
  • Price per Square Foot: $233.18
  • Buyer: The Greats LP
  • Seller: Morton & Susan La Pittus
  • Broker: Almog Strikowski

Almog Strikowski played a crucial role in this successful transaction as the broker representing both the buyer, The Greats LP, and the seller, Morton & Susan La Pittus. This sale highlights the demand for multifamily properties in Reseda and showcases the expertise of Almog Strikowski as a reputable broker in the real estate market.

Players

Almog Strikowski

Compass

Broker

$69.3M

vol

10 deals

Broker
Compass
CompassBrokerage

Reseda MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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