Michael Julien Acquires Multifamily Property In North Hollywood For $3.23M
SOLD
$3,230,000
California
See Similar DealsMultiFamily17,888 SF
Sold 09/16/2022
SOLD
Michael Julien Acquires Multifamily Property In North Hollywood For $3.23M
12357 Oxnard St, North Hollywood, CA & 12357 Oxnard Street,
See Similar DealsMultiFamily17,888 SF
Sold 09/16/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$180
Total Square Footage:17,888 SF
Transaction Type:Sale
A multifamily property located at 12357 Oxnard St in North Hollywood, CA has been sold in a recent transaction. The property consists of 12 units and spans 8,944 square feet. The sale price for this transaction was $3,230,000, resulting in a price per unit of $269,167 and a price per square foot of $361.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,230,000
- Units: 12
- Price Per Unit: $269,167
- Square Footage: 8,944
- Price Per Square Foot: $361
The buyer for this transaction is Michael Julien, while the sellers are Nanru & Ping Chow. The deal was facilitated by brokers Yoni Salem and Jeff Louks from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$172,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,475.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,311.85
Annual Debt Service$183,742.17
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