Updated Dec 21, 2023
North Hollywood Multifamily Sold For $2.3M By Filip Niculete & Glen Scher @laapartmentadvisors
4904 Tujunga Avenue, North Hollywood, CA 91601, USA
$2,300,000
$394/SF
Building Size
5,831 SF
Asset Type
MultiFamily
Closing
Jan 13, 2020
About this deal
AI
The multifamily property located at 4904 Tujunga Ave in North Hollywood has been sold. The transaction took place on January 14, 2020. The property consists of 8 units and spans a total of 5,831 square feet. The sale price was $2,300,000, resulting in a price per unit (PPU) of $287,500. The price per square foot (PPSF) is calculated at $394.44. The capitalization rate (CAP) for this transaction is 4.09% and the gross rent multiplier (GRM) is 15.60.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Units: 8
- Price per Unit (PPU): $287,500
- Square Footage: 5,831 sqft
- Price per Square Foot (PPSF): $394.44
- Capitalization Rate (CAP): 4.09%
- Gross Rent Multiplier (GRM): 15.60
The sale of this multifamily property was facilitated by Filip Niculete and Glen Scher from LA Apartment Advisors.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93