Updated Dec 21, 2023
7502 Canby Ave Multifamily In Reseda Sells For $1.8M
7502 Canby Ave, Reseda, CA, USA
$1,800,000
$201/SF
Building Size
8,952 SF
Asset Type
MultiFamily
Closing
Apr 6, 2021
About this deal
AI
A multifamily property located at 7502 Canby Ave in Reseda has been sold for $1,800,000. The property consists of 10 units with an average price per unit of $180,000. The total square footage of the property is 8,952, resulting in a price per square foot of $201. The Gross Rent Multiplier (GRM) for this transaction is 14.43x, and the Capitalization Rate (CAP) is 3.33%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 7502 Canby Ave
- Market: Reseda
- Number of Units: 10
- Price per Unit: $180,000
- Square Footage: 8,952
- Price per Square Foot: $201
- Gross Rent Multiplier (GRM): 14.43x
- Capitalization Rate (CAP): 3.33%
The sale was facilitated by broker Sam Liberow from The Liberow Group. Sam Liberow represented the parties involved in the transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93