Dan Daftari Acquires North Hollywood Multifamily From Bruce Abbott For $2.3M
SOLD
$2,300,000
California
See Similar DealsMultiFamily6,066 SF
Sold 07/23/2021
SOLD
Dan Daftari Acquires North Hollywood Multifamily From Bruce Abbott For $2.3M
5533 Bonner Ave, North Hollywood, CA, USA
See Similar DealsMultiFamily6,066 SF
Sold 07/23/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$379
Total Square Footage:6,066 SF
Transaction Type:Sale
A multifamily property located at 5533 Bonner Ave in North Hollywood has been sold. The sale took place on July 23, 2021. The property consists of 9 units and has a total square footage of 6,066. The sale price for this transaction was $2,300,000, resulting in a price per unit of $255,556. The price per square foot is $379, and the capitalization rate is 5.22%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Units: 9
- Price per Unit: $255,556
- Square Footage: 6,066
- Price per Square Foot: $379
- Capitalization Rate: 5.22%
Dan Daftari purchased the property from Bruce Abbott. Zac Freehling and David Regalado represented both parties as brokers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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