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
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