Albert Gadolian Acquires Multifamily Property In North Hills For $1.1M
SOLD
$1,100,000
California
See Similar DealsMultiFamily3,348 SF
Sold 09/01/2023
SOLD
Albert Gadolian Acquires Multifamily Property In North Hills For $1.1M
15242 Gresham St North Hills, CA 91343, USA
See Similar DealsMultiFamily3,348 SF
Sold 09/01/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$328
Total Square Footage:3,348 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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