North Hills Multifamily Sells For $4.4M With Marcus & Millichap Brokers
15534 Chase Street, North Hills, CA 91343, USA
$4,430,000
$167/SF
Building Size
26,534 SF
Asset Type
MultiFamily
Closing
Feb 14, 2019
AI
The multifamily property located at 15534 Chase St. in North Hills was recently sold for a total of $4,430,000. The transaction took place on February 15, 2019. The property consists of 25 units with a total square footage of 26,534. The price per unit is $177,200, and the price per square foot is $166.95. The gross rent multiplier (GRM) for this property is 11.14, and the capitalization rate (CAP RATE) is 5.11%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,430,000
- Units: 25
- Price per Unit: $177,200
- Total Square Footage: 26,534
- Price per Square Foot: $166.95
- Gross Rent Multiplier (GRM): 11.14
- Capitalization Rate (CAP RATE): 5.11%
The sale of this property was facilitated by brokers Josh Yeager and Jason Tuvia from Marcus & Millichap. They represented the parties involved in this transaction.
Players
North Hills 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
3.58%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93