Updated Oct 29, 2024
Karo Arzoo & Azneve Arabian Acquire 8-Unit Multifamily Property In North Hollywood For $2.83M
5312 Cartwright Avenue, North Hollywood, CA, USA
$2,830,000
$332/SF
Building Size
8,500 SF
Asset Type
MultiFamily
Closing
Jan 19, 2021
About this deal
AI
Located in North Hollywood, this multifamily property at 5312 Cartwright Ave has recently changed hands in a sale transaction. The property consists of 8 units and spans across 8,500 square feet. The sale took place on January 20, 2021, and the buyer of the property is Karo Arzoo & Azneve Arabian, while the seller is Venetta Reyes.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $2,830,000
- Units: 8
- Price per Unit (PPU): $354,000
- Square Footage (SF): 8,500
- Price per Square Foot (PPSF): $333
The transaction was facilitated by brokers Tony Sameyah & Reza Ghobadi, representing the buyer and seller respectively. Reza Ghobadi and Tony Sameyah shared an image on Instagram to announce the sale.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Tony Sameyah to view all their deals.
Browse Los Angeles multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.61%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93