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
$3,350,000
$128/SF
Building Size
26,152 SF
Asset Type
MultiFamily
Closing
Jan 31, 2019
AI
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.
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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93