Claudia Munson Acquires Reseda Multifamily From Daryl Shapiro For $5.45M

The multifamily property located at 7122 Amigo Ave in Reseda, CA has been sold for $5,450,000. The property consists of 14 units and has a total square footage of 16,816. The sale price per unit was $389,286, and the sale price per square foot was $324. The lot size is 12,000 square feet, resulting in a price per lot square foot of $454. The property was built in 2013 and has a current cap rate of 4.72% and a GRM of 13.66. The pro forma cap rate is 4.96% and the pro forma GRM is 13.20.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $5,450,000
• Units: 14
• Price per Unit: $389,286
• Square Footage: 16,816
• Price per Square Foot: $324
• Lot Size: 12,000 square feet
• Price per Lot Square Foot: $454
• Year Built: 2013
• Current Cap Rate: 4.72%
• Current GRM: 13.66
• Pro Forma Cap Rate: 4.96%
• Pro Forma GRM: 13.20

The buyer of the property is Claudia Munson, and the seller is Daryl Shapiro. The buyer was represented by Rick Raymundo and Justino Fa'aola from Marcus & Millichap, while the seller was represented by Justin Sawai and Tim Byrne from Compass.