Clyde Isaacson Acquires Multifamily Property In North Hollywood For $8.1M
SOLD
$8,100,000
California
See Similar DealsMultiFamily22,462 SF
Sold 01/09/2019
SOLD
Clyde Isaacson Acquires Multifamily Property In North Hollywood For $8.1M
11752 Saticoy Street, North Hollywood, CA 91605, USA
See Similar DealsMultiFamily22,462 SF
Sold 01/09/2019
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$432,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,777.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,398.13
Annual Debt Service$460,777.59
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