George Ekins Acquires Multifamily Property On Foothill Blvd For $11.65M
8608 Foothill Blvd, Sunland-Tujunga, CA 91040, USA
$11,650,000
$311/SF
Building Size
37,394 SF
Asset Type
MultiFamily
Closing
Apr 28, 2020
AI
The multifamily property located at 8608 Foothill Blvd in the San Fernando Valley has been sold in a closed transaction. The property consists of 38 units and spans a total of 37,394 square feet. The transaction took place on April 29, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,650,000
- Price per square foot: $311.55
- Total units: 38
- Price per unit: $306,578
The buyer of the property is George Ekins, while the seller is Mike Rosenthal. Handling the transaction on the buyer's side is Hooman Emanual. On the seller's side, Daniel Withers, Jeffrey Louks, and Matt Ziegler are the representatives involved in the deal.
Players
Los Angeles 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93