Juana Acosta Acquires Multifamily Property In North Hollywood For $1.2M
11426 Emelita Street
$1,200,000
$391/SF
Building Size
3,068 SF
Asset Type
MultiFamily
Closing
Dec 13, 2023
AI
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.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93