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6956 Bertrand Avenue

Andrew Stevens Sells Package Deal Of Multiple Properties In Reseda And Northridge For $7.97M
SOLDPackage Deal

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

Shane Moses

Moses Commercial

Broker

$12.8M

vol

3 deals

Broker
MC
Moses CommercialBrokerage

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