LA Apartments.biz Purchases Northridge Property For $55.5 Million With Brokers Elliot Hassan And Jim Fisher
SOLD
$55,500,000
California
See Similar DealsMultiFamily
Sold 01/04/2023
SOLD
LA Apartments.biz Purchases Northridge Property For $55.5 Million With Brokers Elliot Hassan And Jim Fisher
8511 Balboa BLVD, Northridge, CA, 91...
See Similar DealsMultiFamily
Sold 01/04/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,959,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$197,179.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$263,098.31
Annual Debt Service$3,157,179.78
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