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12357 Oxnard St, North Holl...

Michael Julien Acquires Multifamily Property In North Hollywood For $3.23M
SOLDMultiFamily

Michael Julien Acquires Multifamily Property In North Hollywood For $3.23M

12357 Oxnard St, North Hollywood, CA & 12357 Oxnard Street,

$3,230,000

$180/SF

Building Size

17,888 SF

Asset Type

MultiFamily

Closing

Sep 16, 2022

AI

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.

Players

Jeff Louks

Marcus & Millichap

Broker

$337.6M

vol

33 deals

Broker

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

4.91%

Cash-on-Cash

-1.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93