Marcus & Millichap Brokers Sell North Hills Multifamily Property For $4.875M
15216 Nordhoff Street, North Hills, CA 91343, USA
$4,875,000
$318/SF
Building Size
15,326 SF
Asset Type
MultiFamily
Closing
Jan 7, 2019
AI
Located in North Hills, the multifamily property at 15216 Nordhoff St was recently sold for $4,875,000. The transaction took place on January 8, 2019, and was facilitated by brokers Rick Raymundo and Roberto Narchi from Marcus & Millichap. The property spans a total of 15,326 square feet and consists of 19 units, giving a price per square foot of $318 and a price per unit of $256,578.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,875,000
- Address: 15216 Nordhoff St
- Market: North Hills
- Total Square Footage: 15,326
- Price per Square Foot: $318
- Number of Units: 19
- Price per Unit: $256,578
Robert Narchi and Rick Raymundo played a key role in the transaction, representing the buyer and seller respectively. With their expertise, the deal was successfully executed through Marcus & Millichap.
Players
Los Angeles 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
3.25%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93