Updated Oct 29, 2024
Coda Equities Acquires Multifamily Property In North Hollywood For $3.2M
11661 Erwin St, North Hollywood, CA, USA
$3,175,000
$246/SF
Building Size
12,908 SF
Asset Type
MultiFamily
Closing
Feb 28, 2019
About this deal
AI
The multifamily property located at 11661 Erwin St in North Hollywood has been sold in a recent transaction. The property, spanning 12,908 square feet, consists of 18 units. The sale took place on 03/01/2019, with the buyer being Coda Equities. The transaction was facilitated by brokers Patrick Barakat, Dario Svidler, and Morgan McMullin. The property was sold for a price of $3,175,000, resulting in a price per square foot of $245.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,175,000
- Address: 11661 Erwin St
- Market: North Hollywood
- Square footage: 12,908
- Units: 18
Coda Equities, a real estate company, completed the acquisition of the property. The transaction was mediated by Patrick Barakat, Dario Svidler, and Morgan McMullin, who served as the brokers representing the buyer. This sale demonstrates Coda Equities' commitment to expanding its portfolio in the multifamily market.
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
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93