Updated Oct 29, 2024
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
About this deal
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.
On the Map
$55,500,000
MultiFamily
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Players
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