Emanuel Real Estate Group Sells Multifamily Property In North Hills For $16.4M
SOLD
$16,400,000
California
See Similar DealsMultiFamily46,492 SF
Sold 11/06/2020
SOLD
Emanuel Real Estate Group Sells Multifamily Property In North Hills For $16.4M
15230 Parthenia Street, North Hills, CA, USA
See Similar DealsMultiFamily46,492 SF
Sold 11/06/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$352
Total Square Footage:46,492 SF
Transaction Type:Sale
A multifamily property located at 15230 Parthenia in North Hills has been sold for a price of $16,400,000. The property spans 46,492 square feet, resulting in a price per square foot of $352. The transaction included a total of 41 units, with a price per unit of $400,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,400,000
- Address: 15230 Parthenia, North Hills
- Market: North Hills
- Square Footage: 46,492
- Price Per Square Foot: $352
- Number of Units: 41
- Price Per Unit: $400,000
The deal was facilitated by Hooman Emanuel from Emanuel Real Estate Group, who acted as the broker for the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$874,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,265.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$77,744.37
Annual Debt Service$932,932.40
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