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5131 Bakman Ave Multifamily Sold In North Hollywood For $3.2M With Buyer's Rep Rick Ramirez & Luc Hawkshaw And Seller's Rep Sev Amranyan, Cindy Hill & David Leibowitz

Property Image
SOLD
$3,195,000
Cindy Hill
Luc Hawkshaw
+ 2

California

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MultiFamily7,586 SF
Sold 08/17/2020
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Property Image
SOLD

5131 Bakman Ave Multifamily Sold In North Hollywood For $3.2M With Buyer's Rep Rick Ramirez & Luc Hawkshaw And Seller's Rep Sev Amranyan, Cindy Hill & David Leibowitz

5131 Bakman Avenue, North Hollywood, CA 91601, USA

See Similar Deals
MultiFamily7,586 SF
Sold 08/17/2020
Cindy Hill
Luc Hawkshaw
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$421
Total Square Footage:7,586 SF
Transaction Type:Sale

A multifamily property located at 5131 Bakman Ave. in North Hollywood has been sold for a price of $3,195,000. The property consists of 12 units with an average price per unit of $266,250. Spanning across 7,586 square feet, the property has a price per square foot of $421.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,195,000
  • Address: 5131 Bakman Ave.
  • Market: North Hollywood

The buyer's representatives in this transaction were Rick Ramirez and Luc Hawkshaw. On the other hand, the seller was represented by Sev Amranyan, Cindy Hill, and David Leibowitz.

Players

Luc Hawkshaw
25 deals$150M volume(424) 317-0308
BROKER

Rick Ramirez
Ally Commercial Real Estate
21 deals$73.7M volume
BROKER

David Leibowitz
IREA
15 deals$111.7M volume
BROKER

Sevak (Sev) Amranyan
IREA
3 deals$27.7M volume
BROKER

Cindy Hill
Keller Williams Realty
2 deals$11.9M volume
BROKER

Details

SOLD
IMAGE: Sev Amranyan, Rick Ramirez, Cindy Hill, Luc Hawkshaw & David Leibowitz DATE: 08/17/2021 ADDRESS: 5131 Bakman Ave. MARKET: North Hollywood ASSET TYPE: Multifamily BUYER’S REP: Rick Ramirez (@Robo_Rick) & Luc Hawkshaw (@Luc_Hawkshaw) - (@AllyCommercialRE) SELLER’S REP: Sev Amranyan, Cindy Hill & David Leibowitz SALE PRICE: $3,195,000 UNITS: 12 ~ PPU: $266,250 SF: 7,586 ~ PPSF: $421

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$170,400.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,351.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,145.93
Annual Debt Service$181,751.16