John Boyett & Eli Hiekali Of CBRE Represent Sale Of Reseda Multifamily For $6.325M
18621 Saticoy Street
$6,325,000
$285/SF
Building Size
22,154 SF
Asset Type
MultiFamily
Closing
Sep 2, 2025
AI
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
Reseda MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.51%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93