Clyde Isaacson Of Marcus & Millichap Sells Reseda Multifamily For $3.35M At 6655 Etiwanda Ave
SOLD
$3,350,000
California
See Similar DealsMultiFamily26,152 SF
Sold 01/31/2019
SOLD
Clyde Isaacson Of Marcus & Millichap Sells Reseda Multifamily For $3.35M At 6655 Etiwanda Ave
6655 Etiwanda Avenue & 6655 Etiwanda Avenue, Reseda, CA 91335, USA
See Similar DealsMultiFamily26,152 SF
Sold 01/31/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$128
Total Square Footage:26,152 SF
Transaction Type:Sale
Clyde Isaacson of Marcus & Millichap facilitated the sale of a multifamily property located at 6655 Etiwanda Ave in Reseda. The property was sold on 01/31/2019 for a total price of $3.35 million. The asset spans across 13,076 square feet with a price per square foot of $256.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3.35M
- Square footage: 13,076
- Price per square foot: $256
- Address: 6655 Etiwanda Ave, Reseda
- Market: Reseda
Clyde Isaacson from Marcus & Millichap played a key role as the broker representing the parties involved in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$178,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,901.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,880.71
Annual Debt Service$190,568.51
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