Updated Oct 29, 2024
Specialized Realty Acquires Multifamily Property In Studio City For $3.92M
12325 Moorpark St, Studio City, CA 91604, USA
$3,920,000
$30/SF
Building Size
129,640 SF
Asset Type
MultiFamily
Closing
Aug 25, 2020
About this deal
AI
The multifamily property located at 12325 Moorpark in Studio City has been sold in a recent transaction. The property spans across 12,964 square feet and was sold for a total price of $3,920,000, resulting in a price per square foot of $302.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,920,000
- Square Footage: 12,964
- Price per Square Foot: $302
- Address: 12325 Moorpark, Studio City
The sellers of the property were SCV Project LLC and ERS Project LLC, while the buyer was Specialized Realty. Filip Niculete, Glen Scher, and Roy Harel represented the sellers in the deal, and the buyer was represented by Artak Dovlatyan.
Players
Los Angeles 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
4.05%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93