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Joe Myers & Lena Ghezel Of Compass Facilitate $2.65M Multifamily Sale In North Hollywood

Property Image
SOLD
$2,650,000

California

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MultiFamily6,251 SF
Sold 03/15/2024
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Property Image
SOLD

Joe Myers & Lena Ghezel Of Compass Facilitate $2.65M Multifamily Sale In North Hollywood

5648 Auckland Avenue

See Similar Deals
MultiFamily6,251 SF
Sold 03/15/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$423
Total Square Footage:6,251 SF
Transaction Type:Sale

The North Hollywood multifamily property at 5648 Auckland Avenue was sold for $2,650,000. Spanning 6,251 square feet, the property was sold at a price per square foot of $424.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,650,000
  • Address: 5648 Auckland Avenue
  • Market: North Hollywood

Brokers Joe Myers and Lena Ghezel from Compass were the facilitating agents for the sale of the North Hollywood multifamily property at 5648 Auckland Avenue.

Players

Lena Ghezel
2 deals$5.2M volume(714) 914-3443
BROKER

Joe Myers
Compass
2 deals$4.9M volume(323) 863-5844
BROKER

Details

SOLD
IMAGE: Lena Ghezel & Joe Myers DATE: 03/15/2024 ADDRESS: 5648 Auckland Avenue MARKET: North Hollywood ASSET TYPE: Multifamily BROKERS: Joe Myers & Lena Ghezel (@LenaGhezel) - Compass (@Compass) SALE PRICE: $2,650,000 SF: 6,251 ~ PPSF: $424 NOTE: The North Hollywood multifamily property at 5648 Auckland Avenue sold for $2,650,000, with brokers Joe Myers and Lena Ghezel from Compass facilitating the sale.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$141,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
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