Updated Dec 21, 2023
Rick Raymundo Acquires Multifamily Property In North Hollywood For $2.8M
11565 Riverside Drive, North Hollywood, CA, USA
$2,800,000
$373/SF
Building Size
7,500 SF
Asset Type
MultiFamily
Closing
Aug 31, 2019
About this deal
AI
11565 Riverside Drive, a multifamily property located in North Hollywood, was recently sold in a closed transaction. The sale was facilitated by broker Rick Raymundo from LACMultifamily, representing either the buyer or the seller.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $2,800,000
- Square Footage: 7,500
- Price per Square Foot: $373.33
- Number of Units: 7
- Price per Unit: $400,000
- Capitalization Rate: 3.29%
- Gross Rent Multiplier: 17.71
The sale of 11565 Riverside Drive signifies a significant transaction in the North Hollywood market. The deal was facilitated by Rick Raymundo, a broker from LACMultifamily, showcasing the expertise and involvement of key individuals in the real estate industry.
Los Angeles 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93