Amir Noohi And Elham Naghouty Sell Multifamily Property In Reseda For $1.83M With Broker Cory Stehr
SOLD
$1,830,000
California
See Similar DealsMultiFamily7,450 SF
Sold 08/28/2019
SOLD
Amir Noohi And Elham Naghouty Sell Multifamily Property In Reseda For $1.83M With Broker Cory Stehr
7515 Canby Avenue, Reseda, CA 91335, USA
See Similar DealsMultiFamily7,450 SF
Sold 08/28/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$245
Total Square Footage:7,450 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$97,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,501.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,675.13
Annual Debt Service$104,101.60
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