Updated Aug 28, 2026
John Steinberg Acquires Multifamily Asset In North Hollywood From Kevin Yu For $1.075M
12045 Hart Street
$1,075,000
$230/SF
Building Size
4,666 SF
Asset Type
MultiFamily
Closing
Aug 7, 2026
About this deal
AI
This multifamily asset, located at 12045 Hart Street in North Hollywood, was sold for $1,075,000. The property includes a total of 6 units, spanning 4,666 square feet, and has a price per unit (PPU) of $179,166. The property operates at a capitalization rate (CAP RATE) of 2.38% and a gross rent multiplier (GRM) of 17.80 with a price per square foot (PPSF) of $230.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Buyer: John Steinberg
- Seller: Kevin Yu
- Brokers: Rick Raymundo, Benjamin Savoy & Philip (Phil) Rodgers - Marcus & Millichap
- Units: 6
- Square Footage: 4,666
- Price Per Unit: $179,166
- Price Per Square Foot: $230
- Capitalization Rate: 2.38%
- Gross Rent Multiplier: 17.80
The transaction was brokered by Rick Raymundo, Benjamin Savoy, and Philip (Phil) Rodgers, who represented both parties through the firm Marcus & Millichap. The involvement of these brokers highlights their role in facilitating the smooth process of the sale between the buyer, John Steinberg, and the seller, Kevin Yu.
On the Map
$1,075,000
$230/SF
MultiFamily
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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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93