Avi Stein Acquires Multifamily Property In North Hollywood For $3.26M
SOLD
California
See Similar DealsMultiFamily15,067 SF
Sold 03/01/2024
SOLD
Avi Stein Acquires Multifamily Property In North Hollywood For $3.26M
13135 Vanowen Street
See Similar DealsMultiFamily15,067 SF
Sold 03/01/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$216
Total Square Footage:15,067 SF
Transaction Type:Sale
The multifamily property located at 13135 Vanowen Street in North Hollywood was successfully sold for $3,264,000. This property consists of 14 units with a price per unit of $233,143 and spans across 15,067 square feet, resulting in a price per square foot of $217.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,264,000
- Units: 14
- Price Per Unit: $233,143
- Square Footage: 15,067
- Price Per Square Foot: $217
- Address: 13135 Vanowen Street
- Market: North Hollywood
The sale of this property was facilitated by Ariel Sayani, Jordan Petito, and Navid Toomarian from Partners CRE, who represented the buyer and seller in this successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$174,079.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,596.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,473.03
Annual Debt Service$185,676.30
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