North Hills Multifamily Sells For $4.4M With Marcus & Millichap Brokers
SOLD
$4,430,000
California
See Similar DealsMultiFamily26,534 SF
Sold 02/15/2019
SOLD
North Hills Multifamily Sells For $4.4M With Marcus & Millichap Brokers
15534 Chase Street, North Hills, CA 91343, USA
See Similar DealsMultiFamily26,534 SF
Sold 02/15/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$167
Total Square Footage:26,534 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$236,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,738.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,000.46
Annual Debt Service$252,005.52
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