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5529 Fulcher Avenue, North ...

Jasmine Hak Acquires 9-Unit Multifamily Property In North Hollywood For $3.6M
SOLDMultiFamily

Jasmine Hak Acquires 9-Unit Multifamily Property In North Hollywood For $3.6M

5529 Fulcher Avenue, North Hollywood, CA 91601

$3,605,000

$444/SF

Building Size

8,107 SF

Asset Type

MultiFamily

Closing

Oct 21, 2021

AI

An off-market multifamily property located at 5529 Fulcher Ave in North Hollywood has been sold for $3,605,000. The property consists of 9 units with a price per unit of $400,555. It has a total square footage of 8,107, resulting in a price per square foot of $444.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,605,000
  • Units: 9
  • Price per Unit: $400,555
  • Square Footage: 8,107
  • Price per Square Foot: $444

In this deal, the buyer of the property is Jasmine Hak, while Armen Nal is the seller. Alen Zaman from Californian Estates represented both parties as the broker in this transaction.

Players

Alen Zaman

Rodeo Realty

Broker

$6M

vol

2 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

4.40%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93