Cadet J Holdings, LLC Acquires 8923 Orion Ave, Los Angeles For $5.48M
SOLD
$5,480,000
California
See Similar DealsSOLD
Cadet J Holdings, LLC Acquires 8923 Orion Ave, Los Angeles For $5.48M
8923 Orion Ave, Los Angeles, CA, 91406
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CALIFORNIA
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$292,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,469.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,978.00
Annual Debt Service$311,735.95
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