Johnny Macarthur Acquires 5-Unit Multifamily In Noho Arts District For $1.3M
SOLD
$1,325,000
California
See Similar DealsMultiFamily3,720 SF
Sold 09/29/2021
SOLD
Johnny Macarthur Acquires 5-Unit Multifamily In Noho Arts District For $1.3M
4913-15 Cahuenga Boulevard, NoHo Arts District, CA, USA
See Similar DealsMultiFamily3,720 SF
Sold 09/29/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$356
Total Square Footage:3,720 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11
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