Updated Dec 19, 2023
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
8,944 SF
Asset Type
MultiFamily
Closing
Sep 16, 2022
About this deal
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
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