MacroReal Commercial Inc. Acquires San Fernando Valley Multifamily For $7.3M
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This MultiFamily property located in CA was sold for $7,300,000 almost 4 years ago. The brokers of the deal were Jordan Epstein, Glen Scher, and Filip (Fil) Niculete
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- Location13266 Foothill Boulevard, Sylmar, CA, USA
- Sale Price$7,300,000$258 PPSF
- Area28,285 SF
- Asset TypeMultiFamily
- Parties3 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Glen Scher, Filip Niculete & Jordan Epstein
DATE: 05/28/2021
ADDRESS: 13266 Foothill Blvd.
MARKET: San Fernando Valley
ASSET TYPE: Multifamily
BUYER’S REP: Grady Liu & Martin Ding - MacroReal Commercial Inc.
SELLER’S REP: Glen Scher @ScherGlen, Filip Niculete @FNiculete & Jordan Epstein @Spawlding - (LAAA Team @LAAATeam) - Marcus & Millichap
SALE PRICE: $7,300,000
UNITS: 28 ~ PPU: $260,714
SF: 28,285 ~ PPSF: $258
GRM: 13.48x
CAP: 4.25%
NOTES: Built in 1985 | No LA Rent Control
Buyer Assumed Seller's Loan
Saved Seller $130k in Prepay
Generated Multiple Offers
Seller is Doing a 1031 Exchange
Sold with Deferred Maintenance
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13266 Foothill Boulevard
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