John Boyett Of CBRE Represents Sale Of Granada Hills Multifamily Property For $2.65M
SOLD
$2,650,000
California
See Similar DealsMultiFamily12,689 SF
Sold 10/03/2024
SOLD
John Boyett Of CBRE Represents Sale Of Granada Hills Multifamily Property For $2.65M
10700 Louise Avenue
See Similar DealsMultiFamily12,689 SF
Sold 10/03/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$208
Total Square Footage:12,689 SF
Transaction Type:Sale
The multifamily property located at 10700 Louise Avenue in Granada Hills has been sold for a price of $2,650,000. The asset encompasses a total square footage of 12,689, resulting in a price per square foot of $208.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,650,000
- Address: 10700 Louise Avenue
- Market: Granada Hills
- Square Footage: 12,689
- Price per Square Foot: $208
- Broker: John Boyett - CBRE
John Boyett from CBRE represented the seller in this transaction, facilitating the sale process for the multifamily asset in Granada Hills.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22
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