Filip Niculete, Glen Scher, And Arash Memary Broker Multi-Family Sale In North Hollywood For $2.975M
SOLD
$2,975,000
California
See Similar DealsMultiFamily23,880 SF
Sold 08/15/2019
SOLD
Filip Niculete, Glen Scher, And Arash Memary Broker Multi-Family Sale In North Hollywood For $2.975M
12828 Oxnard Street, North Hollywood, CA 91606, USA
See Similar DealsMultiFamily23,880 SF
Sold 08/15/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$124
Total Square Footage:23,880 SF
Transaction Type:Sale
The multifamily property located at 12828 Oxnard St in North Hollywood has been sold. The property spans a total of 12,458 square feet, with each square foot priced at $238.80. The transaction took place on August 15, 2019, with a sale price of $2,975,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,975,000
- Address: 12828 Oxnard St
- Market: North Hollywood
- Square Footage: 12,458
- Price per Square Foot: $238.80
The sale was facilitated by Filip Niculete, Glen Scher, and Arash Memary, representing their agency. Filip Niculete, Arash Memary, and Glen Scher of LA Apartment Advisors were the brokers involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$158,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,569.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,103.02
Annual Debt Service$169,236.21
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