Albert Navi Acquires Multifamily Asset From Robert Tamkin For $8.45M In Northridge
SOLD
$8,450,000
California
See Similar DealsMultiFamily38,234 SF
Sold 07/25/2025
SOLD
Albert Navi Acquires Multifamily Asset From Robert Tamkin For $8.45M In Northridge
8523 Etiwanda Avenue
See Similar DealsMultiFamily38,234 SF
Sold 07/25/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$221
Total Square Footage:38,234 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 8523 Etiwanda Avenue in the Northridge market. It consists of 48 units, with a total square footage of 38,234. The sale price of the property was $8,450,000, resulting in a price per unit of $176,041 and a price per square foot of $221.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,450,000
- Units: 48
- Square Footage: 38,234
- Price Per Unit: $176,041
- Price Per Square Foot: $221
- Buyer: Albert Navi
- Seller: Robert Tamkin
- Broker: Rob Renshaw - Taksa Investment Group
This transaction highlights the involvement of Albert Navi as the buyer and Robert Tamkin as the seller. Rob Renshaw from Taksa Investment Group represented the transaction, facilitating the deal between the buyer and seller, contributing expertise in the multifamily real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$450,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,021.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,057.31
Annual Debt Service$480,687.73
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