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12045 Hart Street

Updated Aug 28, 2026

John Steinberg Acquires Multifamily Asset In North Hollywood From Kevin Yu For $1.075M
SOLDMultiFamily

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:

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

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$1,075,000

$230/SF

MultiFamily

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Players

Rick Raymundo

Marcus & Millichap

Broker

$439.3M

vol

58 deals

Broker

John Steinberg

Buyer

$1.1M

vol

1 deal

Buyer

Kevin Yu

Seller

$24.1M

vol

2 deals

Seller
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North Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $230 per square foot on a published $1.1M for 4,666 square feet (2026).

Visit Rick Raymundo to view all their deals.

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

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