Marcus & Millichap Brokers Sell North Hills Multifamily Property For $4.875M
SOLD
$4,875,000
California
See Similar DealsMultiFamily15,326 SF
Sold 01/08/2019
SOLD
Marcus & Millichap Brokers Sell North Hills Multifamily Property For $4.875M
15216 Nordhoff Street, North Hills, CA 91343, USA
See Similar DealsMultiFamily15,326 SF
Sold 01/08/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$318
Total Square Footage:15,326 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$259,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,319.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,109.99
Annual Debt Service$277,319.85
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