Jeff Harris Acquires 13-Unit Multifamily Property In North Hollywood For $3.6M
SOLD
California
See Similar DealsMultiFamily13,616 SF
Sold 12/19/2023
SOLD
Jeff Harris Acquires 13-Unit Multifamily Property In North Hollywood For $3.6M
11146 Camarillo Street
See Similar DealsMultiFamily13,616 SF
Sold 12/19/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$264
Total Square Footage:13,616 SF
Transaction Type:Sale
A multifamily property located at 11146 Camarillo Street in North Hollywood has been sold for a total price of $3,600,000. The property consists of 13 units with an average price per unit of $276,923. It spans a total area of 13,616 square feet, resulting in a price per square foot of $264.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Units: 13
- Price Per Unit: $276,923
- Total Square Footage: 13,616
- Price Per Square Foot: $264
- Address: 11146 Camarillo Street
- Market: North Hollywood
The buyer of the property is Jeff Harris, while Scott Widell acted as the seller. The seller was represented by Tony Sameyah and Reza Ghobadi from Colliers International.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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