Private Investor Acquires 19-Unit Blix Apartments In Toluca Lake For $4.095M
4731 Vineland Ave, North Hollywood...
$4,099,999
Building Size
—
Asset Type
MultiFamily
Closing
Sep 20, 2016
AI
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.
Players
North Hollywood 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93