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7515 Canby Avenue, Reseda, ...

Amir Noohi And Elham Naghouty Sell Multifamily Property In Reseda For $1.83M With Broker Cory Stehr
SOLDMultiFamily

Amir Noohi And Elham Naghouty Sell Multifamily Property In Reseda For $1.83M With Broker Cory Stehr

7515 Canby Avenue, Reseda, CA 91335, USA

$1,830,000

$245/SF

Building Size

7,450 SF

Asset Type

MultiFamily

Closing

Aug 27, 2019

AI

The multifamily property located at 7515 Canby Ave in Reseda has been sold. The transaction took place on August 28, 2019. The property spans 7,450 square feet and consists of 10 units. The selling price for this asset was $1,830,000, resulting in a price per square foot of $245.64. The price per unit was $183,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,830,000
  • Size: 7,450 square feet
  • Price per square foot: $245.64
  • Number of units: 10
  • Price per unit: $183,000

The sellers of this property were Elham Naghouty and Amir Noohi. The transaction was facilitated by the broker Cory Stehr from Leela North Ventura Brokers.

Players

Cory Stehr

Lee & Associates

Broker

$68.1M

vol

7 deals

Broker

Los Angeles 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

8.67%

Cash-on-Cash

-2.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93