Updated Dec 4, 2024
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
About this deal
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.
On the Map
$8,920,000
$301/SF
MultiFamily
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Players
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