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Zeina Maalouf & Adrienne Barr Close $4.06M Multifamily Sale In North Hollywood

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SOLD
$4,057,725

California

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MultiFamily9,970 SF
Sold 04/16/2024
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Property Image
SOLD

Zeina Maalouf & Adrienne Barr Close $4.06M Multifamily Sale In North Hollywood

10916 Peachgrove Street

See Similar Deals
MultiFamily9,970 SF
Sold 04/16/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$407
Total Square Footage:9,970 SF
Transaction Type:Sale

The multifamily property at 10916 Peachgrove Street in North Hollywood was sold for $4,057,725. The property consists of 9,970 square feet and has a price per square foot of $407. Zeina Maalouf from Positive Investments served as the buyer's representative, while Adrienne Barr of Berkadia represented the seller. The property features spacious two-bedroom/two-bathroom units and offers close proximity to various amenities, as well as direct access to prominent employers and transportation options.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $4,057,725
  • Address: 10916 Peachgrove Street
  • Market: North Hollywood
  • Buyer's Rep: Zeina Maalouf - Positive Investments
  • Seller's Rep: Adrienne Barr - Berkadia
  • Square Footage: 9,970
  • Price per Square Foot: $407

Positive Investments was represented by Zeina Maalouf in the acquisition of the property, while Adrienne Barr acted on behalf of Berkadia in the transaction.

Players

Adrienne Barr
12 deals$411.9M volume
BROKER

Details

SOLD
IMAGE: Adrienne Barr & Zeina Maalouf DATE: 04/16/2024 ADDRESS: 10916 Peachgrove Street MARKET: North Hollywood ASSET TYPE: MultiFamily BUYER'S REP: Zeina Maalouf - Positive Investments SELLER'S REP: Adrienne Barr - Berkadia (@Berkadia) SALE PRICE: $4,057,725 SF: 9,970 ~ PPSF: $407 NOTE: Zeina Maalouf from Positive Investments acted as the buyer's representative in the acquisition of a multifamily property at 10916 Peachgrove Street in North Hollywood for $4,057,725, with Adrienne Barr of Berkadia representing the seller. The property features spacious two-bedroom/two-bathroom units, close proximity to various amenities, and direct access to prominent employers and transportation options, making it an attractive investment opportunity in a sought-after location.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$216,412.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,416.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,235.69
Annual Debt Service$230,828.24