John Boyett & Eli Hiekali Of CBRE Represent Sale Of Reseda Multifamily For $6.325M
SOLD
$6,325,000
California
See Similar DealsMultiFamily22,154 SF
Sold 09/02/2025
SOLD
John Boyett & Eli Hiekali Of CBRE Represent Sale Of Reseda Multifamily For $6.325M
18621 Saticoy Street
See Similar DealsMultiFamily22,154 SF
Sold 09/02/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$285
Total Square Footage:22,154 SF
Transaction Type:Sale
The property asset is a multifamily building located at 18621 Saticoy Street in the Reseda market, comprising a total of 26 units. The sale price for the property was $6,325,000, with a price per unit of $243,269. The total square footage of the building is 22,154, resulting in a price per square foot of $285.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $6,325,000
- Units: 26
- Price per Unit: $243,269
- Square Footage: 22,154
- Price per Square Foot: $285
- Date of Transaction: 09/02/2025
- Brokers: John Boyett & Eli Hiekali - CBRE
John Boyett and Eli Hiekali represented the broker agency CBRE in this transaction, showcasing their involvement in facilitating the sale of the multifamily property in Reseda.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$337,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,471.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,983.73
Annual Debt Service$359,804.72
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