Updated Dec 19, 2023
Marcus & Millichap Sells 29-Unit Multifamily In Northridge For $6.95M With Buyer's Rep Filip Niculete And Glen Scher
8762 Etiwanda Avenue, Northridge, CA 91325, USA
$6,950,000
$358/SF
Building Size
19,390 SF
Asset Type
MultiFamily
Closing
Jan 31, 2019
About this deal
AI
The multifamily property located at 8762 Etiwanda Ave in Northridge has been sold for $6,950,000. This property spans 19,390 square feet and consists of 29 units, resulting in a price per square foot of $358.43. The transaction was completed on 02/01/2019.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $6,950,000
- Address: 8762 Etiwanda Ave
- Market: Northridge
- Square Footage: 19,390
- Price per Square Foot: $358.43
- Number of Units: 29
- Price per Unit: $239,655
The sale of this property was facilitated by Filip Niculete and Glen Scher of Marcus & Millichap, who represented the buyer and seller in this transaction.
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93