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7260 Canby Avenue

Srinivas Odde Acquires Reseda Multifamily Property From Alexis Moinpour For $1.15M
SOLDMultiFamily

Srinivas Odde Acquires Reseda Multifamily Property From Alexis Moinpour For $1.15M

7260 Canby Avenue

$1,150,000

$225/SF

Building Size

5,108 SF

Asset Type

MultiFamily

Closing

Jul 17, 2024

AI

The property involved in this transaction is a multifamily asset located at 7260 Canby Avenue in Reseda. The sale price for the property was $1,150,000, which breaks down to a price per unit of $191,666. The total square footage of the property is 5,108 square feet, resulting in a price per square foot of $225.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Units: 6
  • Address: 7260 Canby Avenue
  • Market: Reseda
  • Seller: Alexis Moinpour
  • Seller's Company: Elyxis
  • Seller's Rep: Daniel Withers - Matthews Real Estate Investment Services
  • Buyer: Srinivas Odde
  • Buyer's Company: Siri Canby

This transaction saw Srinivas Odde representing the buyer side as part of the company Siri Canby. Daniel Withers served as the representative for the seller, Alexis Moinpour of Elyxis, facilitating the overall transaction.

Players

Daniel Withers

Matthews

Broker

$198.2M

vol

32 deals

Broker

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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93