21727 Lassen Street
CHATSWORTH, CA 91311
Sale Price: $1,580,000
Cap Rate: 4.24%
Financing: Loan assumption at 4.3% with approximately 4 years remaining on the loan
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.