Albert Gadolian Acquires Multifamily Property In North Hills For $1.1M
15242 Gresham St North Hills, CA 91343, USA
$1,100,000
$328/SF
Building Size
3,348 SF
Asset Type
MultiFamily
Closing
Sep 1, 2023
AI
The property at 15242 Gresham Street in North Hills has been sold in a transaction. The property is a MultiFamily asset with a total of 4 units. The sale price for the property was $1,100,000, resulting in a per unit price of $275,000. The total square footage of the property is 3,348, with a price per square foot of $329.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,100,000
- Units: 4
- Price per Unit: $275,000
- Total Square Footage: 3,348
- Price per Square Foot: $329
Rick Ramirez and Chris Kim from Ally Commercial Real Estate represented the buyer, Albert Gadolian, in the transaction. Johnny Cruz, also from Ally Commercial Real Estate, represented the seller, Jose Topete.
Players
Market 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93