Updated Dec 19, 2023
Johnny Macarthur Acquires 5-Unit Multifamily In Noho Arts District For $1.3M
4913-15 Cahuenga Boulevard, NoHo Arts District, CA, USA
$1,325,000
$356/SF
Building Size
3,720 SF
Asset Type
MultiFamily
Closing
Sep 29, 2021
About this deal
AI
The multifamily property located at 4913-15 Cahuenga Blvd. in the Noho Arts District has been sold for a price of $1,325,000. The transaction took place on September 29, 2021. The property consists of 5 units, with each unit having a price per unit (PPU) of $265,000. The total square footage of the property is 3,720, and the price per square foot (PPSF) is $405. The sale price reflects a capitalization rate (CAP) of 4.35% and a gross rent multiplier (GRM) of 14.75.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,325,000
- Address: 4913-15 Cahuenga Blvd.
- Market: Noho Arts District
The buyer of the property is Johnny Macarthur, and the sellers are Wendy Widell, Scott Widell, and Brenda Widell. The sale of the property was facilitated by brokers Tony Sameyah and Reza Ghobadi.
On the Map
$1,325,000
$356/SF
MultiFamily
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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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93