Updated Dec 21, 2023
Rick Raymundo Facilitates $6.6M Multifamily Sale In Toluca Lake
11230 Camarillo Street, Toluca Lake, CA, USA
$6,600,000
$338/SF
Building Size
19,473 SF
Asset Type
MultiFamily
Closing
Mar 20, 2019
About this deal
AI
A multifamily property in Toluca Lake has recently been sold for a price of $6,600,000. The property, located at 11230 Camarillo St, spans over 19,473 square feet and consists of 24 units. The price per square foot for this transaction was calculated at $338.93, while the price per unit stood at $275,000. The property's capitalization rate was 2.86% and its gross rent multiplier was 18.38.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Address: 11230 Camarillo St
- Market: Toluca Lake
- Square Footage: 19,473
- Price per Square Foot: $338.93
- Total Units: 24
- Price per Unit: $275,000
- Capitalization Rate: 2.86%
- Gross Rent Multiplier: 18.38
The broker involved in the deal was Rick Raymundo from LACMultifamily.
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93