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4503 Coldwater Canyon Avenu...

Jake Harrow Acquires Studio City Multifamily Property For $6.7M From Seller Liza Farid
SOLDMultiFamily

Jake Harrow Acquires Studio City Multifamily Property For $6.7M From Seller Liza Farid

4503 Coldwater Canyon Avenue, Studio City, California 91604, United States

$6,700,000

$620/SF

Building Size

10,800 SF

Asset Type

MultiFamily

Closing

Jan 24, 2022

AI

The multifamily property located at 4503 Coldwater Canyon & 12905 Landale St. in Studio City has been sold for a total price of $6,700,000. The property consists of 10 units, with an average price per unit of $670,000. The total square footage of the property is 10,800, resulting in a price per square foot of $620. The sale took place on January 25, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,700,000
  • Units: 10
  • Price per Unit: $670,000
  • Square Footage: 10,800
  • Price per Square Foot: $620

The buyer of the property is Jake Harrow, while Liza Farid acted as the seller. The transaction was facilitated by Alex Galuz from Keller Williams Calabasas and Michael Vara from NAI Capital, who served as the brokers in this deal.

Players

Alex Galuz

Keller Williams Realty

Broker

$90.3M

vol

14 deals

Broker

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

2.37%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93