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8511 Balboa BLVD, Northridg...

LA Apartments.biz Purchases Northridge Property For $55.5 Million With Brokers Elliot Hassan And Jim Fisher
SOLDMultiFamily

LA Apartments.biz Purchases Northridge Property For $55.5 Million With Brokers Elliot Hassan And Jim Fisher

8511 Balboa BLVD, Northridge, CA, 91...

$55,500,000

Building Size

Asset Type

MultiFamily

Closing

Jan 4, 2023

AI

The property involved in this transaction is located at 8511 Balboa BLVD, Northridge, CA, and is part of the Northridge market. The transaction price for this asset is $55,500,000.00. The property has a square footage of 0.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $55,500,000.00
  • Address: 8511 Balboa BLVD, Northridge, CA
  • Market: Northridge
  • Seller's Representatives: Elliot Hassan - James Capital Advisors, Jim Fisher - Compass
  • Buyer: LA Apartments.biz

The individuals involved in this transaction include Elliot Hassan from James Capital Advisors and Jim Fisher from Compass representing the seller. The buyer is LA Apartments.biz, indicating a structured agreement between the involved parties.

Players

Jim Fisher

Compass

Broker

$384.4M

vol

7 deals

Broker
Newmark
NewmarkBrokerage

Northridge 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

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93