Jeff Harris Acquires 13-Unit Multifamily In North Hollywood For $3.6M
SOLD
$3,600,000
California
See Similar DealsMultiFamily13,616 SF
Sold 12/19/2023
SOLD
Jeff Harris Acquires 13-Unit Multifamily In North Hollywood For $3.6M
11468 Camarillo Street
See Similar DealsMultiFamily13,616 SF
Sold 12/19/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$264
Total Square Footage:13,616 SF
Transaction Type:Sale
The multifamily property located at 11468 Camarillo Street in North Hollywood has been sold in a recent transaction. The property consists of 13 units, with a total square footage of 13,616. The sale price for this transaction was $3,600,000, which translates to approximately $264 per square foot. The buyer, Jeff Harris, acquired the property from the seller, Wendy Widell.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Address: 11468 Camarillo Street, North Hollywood
- Market: North Hollywood
- Units: 13
- Price per Unit: $276,923
- Square Footage: 13,616
- Price per Square Foot: $264
Alex Galuz from Keller Williams represented Jeff Harris as the buyer's broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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