CLOSED ESCROW

21727 Lassen Street

CHATSWORTH, CA 91311

SALE HIGHLIGHTS

  • Sale Price: $1,580,000

  • Cap Rate: 4.24%

  • GRM: 14.31

  • Price/SF: $253

  • Price/Unit: $225,714

  • Financing: Loan assumption at 4.3% with approximately 4 years remaining on the loan

THE ASSET

The Hirth Group is pleased to announce another successful closing!  The client, in a 1031 exchange purchased this 7-unit apartment building comprised of mostly townhouse style units.  Located in the quiet neighborhood of Chatsworth, the asset was a value-add opportunity for a long term client of the Hirth Group.  The apartment complex has approximately 25% upside potential in rents.  Daniel assisted the buyer in assuming the sellers loan, which was a hurdle necessary to overcome in order to successfully close this transaction.