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
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