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11469 Moorpark Street

Updated Dec 4, 2024

Ilona Manukian Acquires Multifamily Property In North Hollywood From Peter Newton For $3.41M
SOLDMultiFamily

Ilona Manukian Acquires Multifamily Property In North Hollywood From Peter Newton For $3.41M

11469 Moorpark Street

$3,406,680

$365/SF

Building Size

9,330 SF

Asset Type

MultiFamily

Closing

Oct 31, 2024

About this deal

AI

The property asset involved in this transaction is a multifamily building located at 11469 Moorpark Street in the North Hollywood market. The sale price was $3,406,680, encompassing a total of 6 units. The square footage of the property is 9,330, resulting in a price per unit of $567,780 and a price per square foot of $365.

Summary of transaction details:

The deal was notable as it represents the highest price per unit in 2024 for a property subject to AB1482 statewide rent control in the San Fernando Valley, according to CoStar. Adam Feldman represented the broker in this transaction, facilitating the details between the buyer and seller.

On the Map

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$3,406,680

$365/SF

MultiFamily

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Players

Adam Feldman

Matthews

Broker

$113.5M

vol

6 deals

Broker
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North Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $365 per square foot on a published $3.4M for 9,330 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.66%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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