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MMH Family TR. Acquires Tarzana SFR For $2.25M From Seller Fredric J. Greenblatt

Property Image
SOLD
$2,250,000

California

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Single Family Residence7,123 SF
Sold 03/03/2021
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Property Image
SOLD

MMH Family TR. Acquires Tarzana SFR For $2.25M From Seller Fredric J. Greenblatt

19546 Redwing Street, Tarzana, CA, USA

See Similar Deals
Single Family Residence7,123 SF
Sold 03/03/2021
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$315
Total Square Footage:7,123 SF
Transaction Type:Sale

The sale of a single-family residential property located at 19546 Redwing Street in Tarzana has been completed. The property, which was sold on March 3, 2021, was captured in an image taken by David Eli. The transaction involved an asset with a total area of 7,123 square feet. The property was acquired by MMH Family TR. from Fredric J. Greenblatt for a sale price of $2,250,000. This equates to a price per square foot of $315. The asking price for the property was $2,450,000.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $2,250,000
  • Square Footage: 7,123
  • Address: 19546 Redwing Street, Tarzana
  • Market: Tarzana

The buyer, MMH Family TR., was represented by David Eli from FWL Realty. On the other side, the seller, Fredric J. Greenblatt, was represented by Joe Babajian and Andrew Manning from Rodeo Realty.

Players

9 deals$20.7M volume
BROKER


Joe Babajian
Rodeo Realty
5 deals$29.8M volume
BROKER

BUYER

Details

SOLD
IMAGE: David Eli DATE: 03/03/2021 ADDRESS: 19546 Redwing Street MARKET: Tarzana ASSET TYPE: SFR BUYER: MMH Family TR. SELLER: Fredric J. Greenblatt BUYER’S REP: David Eli @DavidEli173 - FWL Realty SELLER’S REP: Joe Babajian & Andrew Manning - Rodeo Realty ASKING PRICE: $2,450,000 SALE PRICE: $2,250,000 SF: 7,123 ~ PPSF: $315

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

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77