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10717 Addison Street

Elizabeth Maddox & Ian Maddox Facilitate $3,325,000 Sale Of North Hollywood Multifamily
SOLDMultiFamily

Elizabeth Maddox & Ian Maddox Facilitate $3,325,000 Sale Of North Hollywood Multifamily

10717 Addison Street

$3,325,000

$552/SF

Building Size

6,024 SF

Asset Type

MultiFamily

Closing

Mar 21, 2024

AI

10717 Addison Street in North Hollywood is a multifamily property that was recently sold for $3,325,000. The property spans 6,024 square feet and was sold at a price per square foot of $552.

Summary of transaction details:

The sale of 10717 Addison Street in North Hollywood was facilitated by brokers Elizabeth Maddox and Ian Maddox, who specialize in 2-4 unit properties. They successfully closed the deal for the multifamily property, showcasing their expertise in this segment of the real estate market.

Players

Elizabeth Maddox

The 2-4 Unit Specialists

Broker

$80.4M

vol

26 deals

Broker

North Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.77%

Cash-on-Cash

-1.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93