The Greats LP Acquires Multifamily Property In Reseda For $6.2M
SOLD
$6,200,000
California
See Similar DealsMultiFamily26,589 SF
Sold 01/12/2018
SOLD
The Greats LP Acquires Multifamily Property In Reseda For $6.2M
6430 Shirley Avenue, Reseda, CA 91335, USA
See Similar DealsMultiFamily26,589 SF
Sold 01/12/2018
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$233
Total Square Footage:26,589 SF
Transaction Type:Sale
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.
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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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