Andrew Stevens Sells Package Deal Of Multiple Properties In Reseda And Northridge For $7.97M
6956 Bertrand Avenue, 6957 Enfield Avenue, 6953 Enfield Avenue, 6930 Balcom Avenue, 17349 Saticoy Street, 17900 Vanowen Street & 7131 Darby Avenue
$7,970,010
$199/SF
Building Size
40,051 SF
Asset Type
Package Deal
Closing
Aug 7, 2025
AI
This transaction involves a package deal consisting of multiple properties located at 6956 Bertrand Avenue, 6957 Enfield Avenue, 6953 Enfield Avenue, 6930 Balcom Avenue, 17349 Saticoy Street, 17900 Vanowen Street, and 7131 Darby Avenue, situated in the Reseda and Northridge markets. The total sale price for the properties is $7,970,010, with a total square footage of 21,391, resulting in a price per square foot of approximately $372.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $7,970,010
- Sale Date: 08/07/2025
- Seller: Andrew Stevens
- Broker: Shane Moses - Moses Commercial
- Market: Reseda & Northridge
Shane Moses represented the seller, Andrew Stevens, in this transaction, facilitating the sale of the properties within this deal. The involvement of Moses Commercial highlights the brokerage's role in managing the complexities of the real estate transaction in the local market.
Players
Reseda Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.99%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93