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11931 Hart Street, North Ho...

Avi Shlanger Acquires Multifamily Property In North Hollywood For $9.25M
SOLDMultiFamily

Avi Shlanger Acquires Multifamily Property In North Hollywood For $9.25M

11931 Hart Street, North Hollywood, California 91605, United States

$9,250,000

$379/SF

Building Size

24,392 SF

Asset Type

MultiFamily

Closing

May 10, 2022

AI

A multifamily property located at 11931 Hart St. in North Hollywood has been sold for a total of $9,250,000. The transaction took place on 05/11/2022 and involved 37 units with an average price per unit of $250,000. The property spans across 24,392 square feet, resulting in a price per square foot of $379.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $9,250,000
  • Address: 11931 Hart St.
  • Market: North Hollywood
  • Units: 37
  • Price per Unit: $250,000
  • Square Footage: 24,392
  • Price per Square Foot: $379

The buyer of the property is Avi Shlanger, while Robin Haim acted as the seller. The deal was facilitated by brokers Ariel Sayani and Ardy Ishal from BRC Advisors.

Players

Ariel Sayani

Partners CRE

Broker

$69.5M

vol

25 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage

Avi Shlanger

LA Apartments

Buyer

$74.1M

vol

8 deals

Buyer

Robin Haim

Seller

$11.3M

vol

2 deals

Seller

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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93