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
SOLD
California
See Similar DealsMultiFamily7,586 SF
Sold 08/17/2020
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 DealsMultiFamily7,586 SF
Sold 08/17/2020
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.
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Deal Type
30 years
10 years
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
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