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5131 Bakman Avenue, North H...

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
SOLDMultiFamily

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

$3,195,000

$421/SF

Building Size

7,586 SF

Asset Type

MultiFamily

Closing

Aug 17, 2020

AI

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

Ally Commercial Real Estate

Broker

$171.2M

vol

26 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93