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11419 Cumpston Street

Srinivas Yalamanchili Acquires 6-Unit Multifamily In North Hollywood For $1.11M
SOLDMultiFamily

Srinivas Yalamanchili Acquires 6-Unit Multifamily In North Hollywood For $1.11M

11419 Cumpston Street

$1,110,000

$385/SF

Building Size

2,880 SF

Asset Type

MultiFamily

Closing

Sep 20, 2023

AI

A multifamily property located at 11419 Cumpston Street in North Hollywood has been sold in a recent transaction. The property consists of 6 units with a total square footage of 2,880. The sale price for this transaction was $1,110,000, resulting in a price per unit of $185,000 and a price per square foot of $385.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,110,000
  • Address: 11419 Cumpston Street
  • Market: North Hollywood
  • Units: 6
  • Price per Unit: $185,000
  • Square Footage: 2,880
  • Price per Square Foot: $385
  • Buyer: Srinivas Yalamanchili
  • Seller: Juana Acosta
  • Brokers: Morgan Wetmore, Akash Saini - Keller Williams

The buyer of the property is Srinivas Yalamanchili, and the seller is Juana Acosta. The transaction was facilitated by the brokers Morgan Wetmore and Akash Saini from Keller Williams.

Please note that Brisa Jeronimo from the team also played a role in this transaction.

Players

Akash Saini
Verified Badge

Akash Saini

Keller Williams Realty

Broker

$86.2M

vol

27 deals

Broker

Juana Acosta

Seller

$2.3M

vol

2 deals

Seller

North Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.29%

Cash-on-Cash

-4.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93