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Elizabeth Maddox & Ian Maddox Facilitate $3,325,000 Sale Of North Hollywood Multifamily
SOLD
California
See Similar DealsMultiFamily6,024 SF
Sold 03/21/2024
SOLD
Elizabeth Maddox & Ian Maddox Facilitate $3,325,000 Sale Of North Hollywood Multifamily
10717 Addison Street
See Similar DealsMultiFamily6,024 SF
Sold 03/21/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$552
Total Square Footage:6,024 SF
Transaction Type:Sale
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:
- Property Type: Multifamily
- Transaction Amount: $3,325,000
- Address: 10717 Addison Street
- Market: North Hollywood
- Brokers: Elizabeth Maddox & Ian Maddox - The 2-4 Unit Specialists
- Total SF: 6,024
- Price Per SF: $552
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$177,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,813.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,762.20
Annual Debt Service$189,146.36
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