Updated Oct 29, 2024
Cadet J Holdings, LLC Acquires 8923 Orion Ave, Los Angeles For $5.48M
8923 Orion Ave, Los Angeles, CA, 91406
$5,480,000
Building Size
—
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
The property located at 8923 Orion Ave, Los Angeles, CA, 91406 in North Hills was recently sold for $5,480,000.00. The transaction involved the seller's representative, Warren Berzack from Lee & Associates, and the buyer, Cadet J Holdings, LLC.
Summary of transaction details:
- Property Type: Residential
- Transaction Amount: $5,480,000.00
- Market: North Hills
- Seller's Representative: Warren Berzack - Lee & Associates
- Buyer: Cadet J Holdings, LLC
- Address: 8923 Orion Ave, Los Angeles, CA, 91406
The acquisition was facilitated by Warren Berzack of Lee & Associates on behalf of the seller, in this transaction with Cadet J Holdings, LLC as the buyer. The deal showcases the active real estate market in the North Hills area, with a significant transaction amount involved.
On the Map
$5,480,000
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North Hills CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.89%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93