Updated Oct 28, 2024
Brunswick Capital Partners Sells North Hollywood Multifamily Asset For $2.775M
5645 Willowcrest Avenue, North Hollywood, California 91604, United States
$2,775,000
$469/SF
Building Size
5,909 SF
Asset Type
MultiFamily
Closing
Jun 8, 2022
About this deal
AI
Alexander Monsef and Shaunt Kodaverdian have successfully closed the sale of a multifamily property located at 5645 Willowcrest Ave in North Hollywood, CA. The property is a 4-unit building with a total square footage of 5,909. The sale price for the property was $2,775,000, resulting in a per unit price of $693,750. The price per square foot is $469, indicating the value of the property.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $2,775,000
- Units: 4
- Price Per Unit: $693,750
- Square Footage: 5,909
- Price Per Square Foot: $469
Alexander Monsef and Shaunt Kodaverdian were the sellers of the property. They were represented in the transaction by Elizabeth Maddox and Ian Maddox from The 2-4 Unit brokerage. Brunswick Capital Partners (BCP) acquired the property as a vacant new construction building in August of 2020 for a purchase price of $2,200,000. The sale of the property was an off-market transaction facilitated by BCP. For more information on this transaction or future opportunities, please reach out to Alexander Monsef or Shaunt Kodaverdian.
On the Map
$2,775,000
$469/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.72%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93