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Clyde Isaacson Acquires Multifamily Property In North Hollywood For $8.1M

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SOLD
$8,100,000

California

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MultiFamily22,462 SF
Sold 01/09/2019
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Property Image
SOLD

Clyde Isaacson Acquires Multifamily Property In North Hollywood For $8.1M

11752 Saticoy Street, North Hollywood, CA 91605, USA

See Similar Deals
MultiFamily22,462 SF
Sold 01/09/2019
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$360
Total Square Footage:22,462 SF
Transaction Type:Sale

11752 Saticoy Street in North Hollywood recently sold in a closed transaction. The multifamily property was purchased by Clyde Isaacson for a price of $8,100,000. The property spans 22,462 square feet, resulting in a price per square foot of $360. The transaction took place on 01/09/2019.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,100,000
  • Address: 11752 Saticoy Street
  • Market: North Hollywood

Clyde Isaacson acted as both the buyer and broker in this deal. The seller was Saticoy Apartments Inc.

Players

Clyde Isaacson
10 deals$72.9M volume
BROKER

Details

SOLD
IMAGE: Clyde Isaacson @therealclyde_isaacson DATE: 01/09/2019 ADDRESS: 11752 Saticoy Street MARKET: North Hollywood ASSET TYPE: Multifamily PRICE: $8,100,000 SF: 22,462 PPSF: $360 BUYER: Clyde Isaacson SELLER: Saticoy Apartments Inc BROKER: Clyde Isaacson

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,777.59
Cash-on-Cash Return-1.27%
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