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Nora Hollinger Acquires Multifamily Property In Reseda And Van Nuys For $2.755M

Property Image
SOLD
$2,755,000

California

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MultiFamily13,534 SF
Sold 04/28/2025
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Property Image
SOLD

Nora Hollinger Acquires Multifamily Property In Reseda And Van Nuys For $2.755M

7460 Canby Avenue & 6525 Sepulveda Boulevard

See Similar Deals
MultiFamily13,534 SF
Sold 04/28/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$203
Total Square Footage:13,534 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 7460 Canby Avenue & 6525 Sepulveda Boulevard in the markets of Reseda and Van Nuys. The sale price was $2,755,000, comprising 9 units. The total square footage of the property is 7,021, resulting in a price per unit of $306,111 and a price per square foot of $392.

Summary of transaction details:

The transaction was facilitated by the brokerage team of Chase Simonton, Joshua Merrin, and John Sarna, representing the parties involved in this deal. Their expertise in the local market contributed to the successful completion of this real estate transaction.

Players

Chase Simonton
45 deals$142.5M volume(310) 383-5927
BROKER

John Sarna
Re/Max
16 deals$65.4M volume
BROKER

Joshua (Josh) Merrin
Re/Max
1 deal$2.8M volume(310) 804-8355
BROKER

Details

SOLD
IMAGE: Joshua Merrin, Chase Simonton & John Sarna DATE: 4/28/2025 ADDRESS: 7460 Canby Avenue & 6525 Sepulveda Boulevard MARKET: Reseda & Van Nuys ASSET TYPE: Multifamily BUYER: Nora Hollinger SELLER: Vandidad Rasouli BROKERS: Chase Simonton (@ChaseSimonton), Joshua Merrin (@Merrin8) & John Sarna (@JohnRemaxOne) - Re/Max (@ReMax) SALE PRICE: $2,755,000 UNITS: 9 ~ PPU: $306,111 SF: 7,021 ~ PPSF: $392

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$146,933.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,787.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,060.11
Annual Debt Service$156,721.27