Private Investor Acquires 19-Unit Blix Apartments In Toluca Lake For $4.095M
SOLD
$4,099,999
California
See Similar DealsMultiFamily
Sold 09/20/2016
SOLD
Private Investor Acquires 19-Unit Blix Apartments In Toluca Lake For $4.095M
4731 Vineland Ave, North Hollywood...
See Similar DealsMultiFamily
Sold 09/20/2016
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The Blix Apartments located at 4731 Vineland Ave in Toluca Lake have been sold for $4.095M. This multifamily property consists of 19 units offering a mix of one-bedroom, two-bedroom, and three-bedroom units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,099,999.00
- Address: 4731 Vineland Ave, North Hollywood
- Market: North Hollywood
- Buyer's Rep: Warren Berzack (Lee & Associates)
- Buyer: Private Investor
- Seller: FCA
A private investor was represented by Warren Berzack from Lee & Associates in this transaction involving the Blix Apartments in Toluca Lake. The seller was FCA, and the property was purchased for $4.095M.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.61
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.04
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