Updated Dec 21, 2023
Rick Raymundo Facilitates Sale Of North Hollywood Multifamily Property For $5.17M
5035 Klump Avenue, North Hollywood, CA 91601, USA
$5,175,000
$262/SF
Building Size
19,693 SF
Asset Type
MultiFamily
Closing
Jan 21, 2019
About this deal
AI
A multifamily property located at 5035 Klump Ave in North Hollywood has been sold for a price of $5,175,000. The property spans across 19,693 square feet and consists of 22 units. The price per square foot comes to $262, while the price per unit is approximately $235,227. The capitalization rate of the property is 3.33% and the gross rent multiplier is 15.41. This transaction took place on January 22, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,175,000
- Square Footage: 19,693
- Address: 5035 Klump Ave
- Market: North Hollywood
Rick Raymundo, a representative from LACMultifamily, acted as the broker in this transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.07%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93