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
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
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93