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Mitchell Herman Sells Granada Hills Multifamily To Rick Ramirez For $1.36M

Property Image
SOLD
$1,360,000
Rick Ramirez
MR

California

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MultiFamily3,098 SF
Sold 07/08/2022
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Property Image
SOLD

Mitchell Herman Sells Granada Hills Multifamily To Rick Ramirez For $1.36M

17739 Kingsbury Street, Granada Hills, California 91344, United States

See Similar Deals
MultiFamily3,098 SF
Sold 07/08/2022
Rick Ramirez
MR
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$439
Total Square Footage:3,098 SF
Transaction Type:Sale

The multifamily property located at 17739 Kingsbury St. in Granada Hills has been sold for a total of $1,360,000. The property consists of 4 units with an average price per unit of $340,000. The total square footage of the property is 3,098, resulting in a price per square foot of $438. This transaction took place on July 8, 2022, and the seller was Mitchell Herman.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,360,000
  • Units: 4
  • Price per Unit: $340,000
  • Square Footage: 3,098
  • Price per Square Foot: $438
  • Market: Granada Hills

The buyer's representative in this transaction was Rick Ramirez, while Margaret Roy from Platinum Realty Services Inc. represented the seller.

Players

Rick Ramirez
Ally Commercial Real Estate
Rick Ramirez
21 deals$73.7M volume
BROKER
MR
Margaret Roy
1 deal$1.4M volume
BROKER

Details

SOLD
IMAGE: Rick Ramirez DATE: 07/08/2022 ADDRESS: 17739 Kingsbury St. MARKET: Granada Hills ASSET TYPE: Multifamily SELLER: Mitchell Herman BUYER'S REP: Rick Ramirez (@Robo_Rick) SELLER'S REP: Margaret Roy - Platinum Realty Services Inc. SALE PRICE: $1,360,000 UNITS: 4 ~ PPU: $340,000 SF: 3,098 ~ PPSF: $438

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$72,533.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,831.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,447.09
Annual Debt Service$77,365.13