George Ekins Acquires Multifamily Property On Foothill Blvd For $11.65M
SOLD
$11,650,000
California
See Similar DealsMultiFamily37,394 SF
Sold 04/29/2020
SOLD
George Ekins Acquires Multifamily Property On Foothill Blvd For $11.65M
8608 Foothill Blvd, Sunland-Tujunga, CA 91040, USA
See Similar DealsMultiFamily37,394 SF
Sold 04/29/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$311
Total Square Footage:37,394 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$621,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,390.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,226.94
Annual Debt Service$662,723.32
Is there something missing? Send suggestions