Yehuda Rubin Acquires North Hollywood Multifamily On Cahuenga Boulevard
SOLD
$2,790,000
California
See Similar DealsMultiFamily6,179 SF
Sold 12/21/2022
SOLD
Yehuda Rubin Acquires North Hollywood Multifamily On Cahuenga Boulevard
5122 Cahuenga Boulevard
See Similar DealsMultiFamily6,179 SF
Sold 12/21/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$451
Total Square Footage:6,179 SF
Transaction Type:Sale
A multifamily property located at 5122 Cahuenga Boulevard in North Hollywood has recently been sold for $2,790,000. The property consists of 4 units, with each unit having a price per unit of $697,500. The total square footage of the property is 6,179, and the price per square foot is $452.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,790,000
- Units: 4
- Price per Unit: $697,500
- Square Footage: 6,179
- Price per Square Foot: $452
- Market: North Hollywood
The buyer of the property is Yehuda Rubin, while the sellers are Jason & Adam Schary. The transaction was facilitated by Elizabeth Maddox and Ian Maddox of The 2 to 4 Units brokerage.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$148,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,912.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,226.02
Annual Debt Service$158,712.28
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