facebook
Traded Co logo
Submit

Sunrise Isaacson LLC Acquires Multifamily Property In Reseda For $3.35M

Property Image
SOLD
$3,350,000
Michael (Mike) Hanassab
John Katnik
Elliot Hassan
+ 1

California

See Similar Deals
MultiFamily13,076 SF
Sold 01/31/2019
the dealplayerscompscontact
Property Image
SOLD

Sunrise Isaacson LLC Acquires Multifamily Property In Reseda For $3.35M

6655 Etiwanda Avenue

See Similar Deals
MultiFamily13,076 SF
Sold 01/31/2019
Michael (Mike) Hanassab
John Katnik
Elliot Hassan
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$256
Total Square Footage:13,076 SF
Transaction Type:Sale

An multifamily property located at 6655 Etiwanda Ave in Reseda has been sold for $3,350,000. The property spans an area of 13,076 square feet, resulting in a price per square foot of $256. The transaction took place on 01/31/2019.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $3,350,000
  • Address: 6655 Etiwanda Ave
  • Market: Reseda

The buyer of the property is Sunrise Isaacson LLC, while the seller is Kisa Group LLC. The deal was facilitated by brokers Danny Spiwak, Elliot Hassan, Michael Hanassab, and John Katnik.

Players

John Katnik
BRC Advisors
John Katnik
22 deals$121.6M volume(424) 317-9569
BROKER
Danny Spiwak
James Capital Advisors
Danny Spiwak
5 deals$18.9M volume
BROKER
Michael (Mike) Hanassab
James Capital Advisors
Michael Hanassab
16 deals$93.8M volume
BROKER
Elliot Hassan
NorthMarq
Elliot Hassan
26 deals$259.8M volume
BROKER

Details

SOLD
IMAGE: Danny Spiwak @dspiwak, Elliot Hassan @ehassan, Michael Hanassab @mikehanassab, John Katnik @johnkatnik DATE: 01/31/2019 ADDRESS: 6655 Etiwanda Ave MARKET: Reseda ASSET TYPE: Multifamily PRICE: $3,350,000 SF: 13,076 PPSF: $256 BUYER: Sunrise Isaacson LLC SELLER: Kisa Group LLC BROKERS: Danny Spiwak (@dspiwak), Elliot Hassan (@ehassan), Michael Hanassab (@mikehanassab), John Katnik (@johnkatnik)

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
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