Updated Oct 29, 2024
BC Pico LLC Acquires 10-Unit Multifamily In Studio City For $6.5M
4297 Coldwater Canyon Avenue, Studio City, CA 91604, USA
$6,500,000
$328/SF
Building Size
19,765 SF
Asset Type
MultiFamily
Closing
Aug 25, 2019
About this deal
AI
A 10-unit multifamily building located at 4297 Coldwater Canyon in Studio City has been sold for a total price of $6,500,000. The property spans over 19,765 square feet, resulting in a price per square foot of $328.86. Each unit was sold for $650,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Address: 4297 Coldwater Canyon, Studio City
- Market: Studio City
- Square Footage: 19,765
- Price per Square Foot: $328.86
- Units: 10
- Price per Unit: $650,000
The buyer of the property is BC Pico LLC, while the seller is Hana Inc. The deal was facilitated by brokers Andy Hairabedian from Andy Hairabedian Realty and Pooya Dayanim from Pooya Dayanim Realty.
This successful transaction highlights the demand for multifamily properties in Studio City. The sale of this 10-unit building at an average price of $650,000 per unit demonstrates the strong market value in the area.
Players
Studio City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Andy Hairabedian to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93