Sunrise Isaacson LLC Acquires Multifamily Property In Reseda For $3.35M
6655 Etiwanda Avenue
$3,350,000
$256/SF
Building Size
13,076 SF
Asset Type
MultiFamily
Closing
Jan 31, 2019
AI
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
Reseda 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