Joe Myers & Lena Ghezel Of Compass Facilitate $2.65M Multifamily Sale In North Hollywood
5648 Auckland Avenue
$2,650,000
$423/SF
Building Size
6,251 SF
Asset Type
MultiFamily
Closing
Mar 15, 2024
AI
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
North Hollywood 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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93