Updated Sep 5, 2024
The Seymour Group Acquires Mission Hills Multifamily Property For $4.81M
9919 Sepulveda Blvd, Mission Hills, CA 91345, USA
$4,810,000
$212/SF
Building Size
22,629 SF
Asset Type
MultiFamily
Closing
Sep 10, 2020
About this deal
AI
The multifamily property located at 9919 Sepulveda Blvd in Mission Hills has been sold in a closed transaction. The property spans 22,629 square feet and was sold for a price of $4,810,000, resulting in a price per square foot of $212.55. It consists of 18 units, with a unit price of $267,222. The property was sold at a cap rate of 4.45% and a gross rent multiplier (GRM) of 12.98.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,810,000
- Square Footage: 22,629
- Price per Square Foot: $212.55
- Number of Units: 18
- Unit Price: $267,222
- Cap Rate: 4.45%
- Gross Rent Multiplier (GRM): 12.98
The buyer's representation in this transaction was provided by Phil Seymour and David Weinberger from The Seymour Group. The seller's representation information was not available.
On the Map
$4,810,000
$212/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93