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11040 Hesby Street

Andrew Cohan Purchases Multifamily Property At 11040 Hesby Street From Steve Choi For $6.65M
SOLDMultiFamily

Andrew Cohan Purchases Multifamily Property At 11040 Hesby Street From Steve Choi For $6.65M

11040 Hesby Street

$6,650,000

$456/SF

Building Size

14,580 SF

Asset Type

MultiFamily

Closing

Dec 12, 2024

AI

The property asset involved in this transaction is a multifamily asset located at 11040 Hesby Street in the North Hollywood market. The sale price was set at $6,650,000 for a building consisting of 19 units. The total square footage of the property is 14,580, resulting in a price per unit of $350,000 and a price per square foot of $456.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,650,000
  • Address: 11040 Hesby Street
  • Market: North Hollywood
  • Units: 19
  • Square Footage: 14,580
  • Price Per Unit: $350,000
  • Price Per Square Foot: $456
  • Buyer: Andrew Cohan
  • Seller: Steve Choi
  • Brokers: Tony Sameyah & Reza Ghobadi - Colliers

This transaction involved key individuals including the buyer, Andrew Cohan, and the seller, Steve Choi. The brokers representing this deal were Tony Sameyah and Reza Ghobadi from Colliers, underlining their role in facilitating the successful completion of the transaction.

Players

Reza Ghobadi

Colliers

Broker

$277.6M

vol

37 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

2.39%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93