Ari Saltz Acquires Multifamily Property On Reseda Boulevard For $8.92M
SOLD
California
See Similar DealsMultiFamily29,578 SF
Sold 12/31/2023
SOLD
Ari Saltz Acquires Multifamily Property On Reseda Boulevard For $8.92M
7745 Reseda Boulevard
See Similar DealsMultiFamily29,578 SF
Sold 12/31/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$301
Total Square Footage:29,578 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$475,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,690.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,285.35
Annual Debt Service$507,424.21
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