Juana Acosta Acquires Multifamily Property In North Hollywood For $1.2M
SOLD
$1,200,000
California
See Similar DealsMultiFamily3,068 SF
Sold 12/13/2023
SOLD
Juana Acosta Acquires Multifamily Property In North Hollywood For $1.2M
11426 Emelita Street
See Similar DealsMultiFamily3,068 SF
Sold 12/13/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$391
Total Square Footage:3,068 SF
Transaction Type:Sale
The multifamily property located at 11426 Emelita Street in North Hollywood has been sold in a recent transaction. The property consists of 4 units, with a total square footage of 3,068. The asking price for this multifamily asset was $1,350,000, and it was sold for $1,200,000. This translates to a per unit price of $300,000. The price per square foot for the property was $391.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 11426 Emelita Street
- Market: North Hollywood
- Units: 4
- Square Footage: 3,068
The buyer of the property was Juana Acosta, while Ryan Yerchanig acted as the seller. The brokers involved in the deal were Akash Saini and Morgan Wetmore, representing Keller Williams.
A note from Brisa Jeronimo, a team member, provides additional insight into the transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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