Tamarack Real Estate Services Sells Reseda Multifamily Property For $3.12M With Clyde Isaacson
7050 Etiwanda Ave, Reseda, California, USA
$3,120,000
$226/SF
Building Size
13,760 SF
Asset Type
MultiFamily
Closing
May 15, 2019
AI
An multifamily property located at 7050 Etiwanda Ave in Reseda, CA has been sold. The property was built in 1978 and consists of 21 units. The total square footage of the property is 13,760 with a price per square foot of $226.74. The sale price for the property was $3,120,000, resulting in a price per unit of $148,571. Based on the information provided, there is a potential for a 41% increase in rental income.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,120,000
- Address: 7050 Etiwanda Ave, Reseda, CA
- Square Footage: 13,760
- Price per Square Foot: $226.74
- Number of Units: 21
- Price per Unit: $148,571
The sale of this multifamily property was facilitated by Clyde Isaacson from Tamarack Real Estate Services. Clyde Isaacson represented the seller/buyer/landlord/tenant in this transaction.
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
5.08%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93