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
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