Jake Harrow Acquires Studio City Multifamily Property For $6.7M From Seller Liza Farid
SOLD
$6,700,000
California
See Similar DealsMultiFamily10,800 SF
Sold 01/25/2022
SOLD
Jake Harrow Acquires Studio City Multifamily Property For $6.7M From Seller Liza Farid
4503 Coldwater Canyon Avenue, Studio City, California 91604, United States
See Similar DealsMultiFamily10,800 SF
Sold 01/25/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$620
Total Square Footage:10,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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