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Arash Memary, Filip Niculete, And Glen Scher Of Marcus & Millichap Acquire North Hollywood Multifamily For $1.05M

Property Image
SOLD
$1,050,000
Arash Memary
Filip Niculete
+ 1

California

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MultiFamily2,156 SF
Sold 03/13/2020
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Property Image
SOLD

Arash Memary, Filip Niculete, And Glen Scher Of Marcus & Millichap Acquire North Hollywood Multifamily For $1.05M

4900 Riverton Avenue, North Hollywood, CA 91601, USA

See Similar Deals
MultiFamily2,156 SF
Sold 03/13/2020
Arash Memary
Filip Niculete
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$487
Total Square Footage:2,156 SF
Transaction Type:Sale

Located in North Hollywood, the multifamily property at 4900 Riverton Ave recently changed ownership in a sale transaction. Spanning over 2,156 square feet, this property features three units, making it an attractive investment opportunity.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Price per Square Foot: $487.01
  • Number of Units: 3
  • Price per Unit: $350,000
  • Date of Sale: 03/13/2020
  • Market: North Hollywood

Arash Memary, Filip Niculete, Glen Scher, and Rodrigo Melgoza played crucial roles in the transaction as brokers. Arash Mema, from Marcus & Millichap, represented the buyer and seller, while Rodrigo Melgoza, from Century 21, also contributed to the deal.

Players

Filip Niculete
196 deals$785.1M volume
BROKER

Glen Scher
Marcus & Millichap
190 deals$738.1M volume
BROKER

Arash Memary
Marcus & Millichap
15 deals$66.7M volume
BROKER

Rodrigo Melgoza
Century 21
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: Arash Memary, Filip Niculete, Glen Scher & Rodrigo Melgoza DATE: 03/13/2020 ADDRESS: 4900 Riverton Ave MARKET: North Hollywood ASSET TYPE: Multifamily PRICE: $1,050,000 SF: 2,156 PPSF: $487.01 UNITS: 3 PPU: $350,000‬ BROKERS: Arash Mema   ry, Filip Niculete & Glen Scher – Marcus & Millichap, Rodrigo Melgoza – Century 21

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43