Updated Sep 9, 2024
Isaac Wise Acquires Multifamily Property For $7M In Studio City
4454 Coldwater Canyon Avenue, Studio City, California 91604, United States
$7,000,000
$309/SF
Building Size
22,608 SF
Asset Type
MultiFamily
Closing
Apr 7, 2022
About this deal
AI
The multifamily property located at 4454 Coldwater Canyon in Studio City has been sold for $7,000,000. The transaction took place on 04/08/2022. The property consists of 15 units with a total square footage of 22,608. The price per unit was approximately $466,666 and the price per square foot was approximately $309.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Units: 15
- Price per Unit: $466,666
- Square Footage: 22,608
- Price per Square Foot: $309
- Market: Studio City
The buyer of the property was Isaac Wise, while the seller was Carolyn Balaban. The transaction was facilitated by brokers Michael Monempour and David Saghian from Kidder Mathews.
Players
Studio City 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93