Updated Sep 9, 2024
Matan Laytin & Shlomo Shomer Acquire Industrial Property In North Hollywood For $2.5M
6859 Tujunga Avenue, North Hollywood, CA 91605
$2,500,000
$365/SF
Building Size
6,848 SF
Asset Type
Industrial
Closing
Sep 1, 2021
About this deal
AI
The industrial property located at 6859 Tujunga Ave in North Hollywood has been sold for a price of $2,500,000. The property spans 6,848 square feet, resulting in a price per square foot of $365. The transaction took place on September 1, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Address: 6859 Tujunga Ave
- Market: North Hollywood
The buyer of the property is Matan Laytin and Shlomo Shomer, while the seller is Rodney Emrani. The deal was facilitated by Blas Fernández from lasPropertyGroup, who acted as the broker representing both the buyer and seller.
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93