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The Seymour Group Acquires Mission Hills Multifamily Property For $4.81M

Property Image
SOLD
$4,810,000
David Weinberger
PS

California

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MultiFamily22,629 SF
Sold 09/11/2020
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Property Image
SOLD

The Seymour Group Acquires Mission Hills Multifamily Property For $4.81M

9919 Sepulveda Blvd, Mission Hills, CA 91345, USA

See Similar Deals
MultiFamily22,629 SF
Sold 09/11/2020
David Weinberger
PS
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$212
Total Square Footage:22,629 SF
Transaction Type:Sale

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.

Players

David Weinberger
Keller Williams Realty
David Weinberger
10 deals$64M volume(818) 970-0915
BROKER
PS
Phil Seymour
2 deals$28.8M volume
BROKER

Details

SOLD
IMAGE: IMAGE: David Weinberger, Phil Seymour, Arash Memary, Filip Niculete, Glen Scher & Spencer Levine DATE: 09/11/2020 ADDRESS: 9919 Sepulveda Blvd MARKET: Mission Hills ASSET TYPE: Multifamily PRICE: $4,810,000 SF: 22,629 / PPSF: $212.55 UNITS: 18 / PPU: $267,222 CAP: 4.45% GRM: 12.98 BUYER’S REP: Phil Seymour & David Weinberger – The Seymour Group SELLER’S […]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$256,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,088.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,801.85
Annual Debt Service$273,622.25