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7745 Reseda Boulevard

Ari Saltz Acquires Multifamily Property On Reseda Boulevard For $8.92M
SOLDMultiFamily

Ari Saltz Acquires Multifamily Property On Reseda Boulevard For $8.92M

7745 Reseda Boulevard

$8,920,000

$301/SF

Building Size

29,578 SF

Asset Type

MultiFamily

Closing

Dec 31, 2023

AI

A multifamily property located at 7745 Reseda Boulevard in Reseda has been sold for a total price of $8,920,000. The property consists of 59 units, with an average price per unit of $151,186. The total square footage of the property is 29,578, with an average price per square foot of $302.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,920,000
  • Units: 59
  • Price per Unit: $151,186
  • Square Footage: 29,578
  • Price per Square Foot: $302
  • Address: 7745 Reseda Boulevard, Reseda
  • Market: Reseda

The buyer of the property is Ari Saltz, while the seller is Frank Warren. The transaction was facilitated by brokers Jakob Friedman and Michael Dixon, who represented their agency NAI Capital.

Players

Jakob Friedman

NAI Global

Broker

$45.5M

vol

10 deals

Broker

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

1.78%

Cash-on-Cash

-0.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93