This multifamily property located at 11143 Aqua Vista Street in North Hollywood comprises 10 units, with a total square footage of 6,895. The property was built in 1957 and has been sold for $2,300,000, resulting in a price per unit of $230,000 and a price per square foot of $333. The transaction was completed with all cash and involved a quick close, taking advantage of a 1031 exchange by the buyer.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,300,000
• Units: 10
• Market: North Hollywood
• CAP Rate: 5.00%
• Gross Rent Multiplier: 12.02
• Buyer: Peter Coeler
• Seller: Annette Fasteau
• Brokers: Filip Niculete & Glen Scher - LAAA Team - Marcus & Millichap
• Generated 4 Total Offers

The transaction was represented by brokers Filip Niculete and Glen Scher from the LAAA Team of Marcus & Millichap, highlighting their efficiency in facilitating the deal which attracted multiple offers. The swift nature of the closing process and the cash offer indicated the buyers' confidence in this multifamily investment opportunity.