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11661 Erwin St, North Holly...

Updated Oct 29, 2024

Coda Equities Acquires Multifamily Property In North Hollywood For $3.2M
SOLDMultiFamily

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

Morgan Mcmullin

Partners CRE

Broker

$84.3M

vol

17 deals

Broker

North Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $246 per square foot on a published $3.2M for 12,908 square feet (2019).

Visit Patrick Barakat to view all their deals.

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

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