Tamarack Real Estate Services Sells Reseda Multifamily Property For $3.12M With Clyde Isaacson
SOLD
$3,120,000
California
See Similar DealsMultiFamily13,760 SF
Sold 05/16/2019
SOLD
Tamarack Real Estate Services Sells Reseda Multifamily Property For $3.12M With Clyde Isaacson
7050 Etiwanda Ave, Reseda, California, USA
See Similar DealsMultiFamily13,760 SF
Sold 05/16/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$226
Total Square Footage:13,760 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$166,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,084.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,790.39
Annual Debt Service$177,484.70
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