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Joe Myers & Lena Ghezel Of Compass Facilitate $2.65M Multifamily Sale In North Hollywood
SOLD
California
See Similar DealsMultiFamily6,251 SF
Sold 03/15/2024
SOLD
Joe Myers & Lena Ghezel Of Compass Facilitate $2.65M Multifamily Sale In North Hollywood
5648 Auckland Avenue
See Similar DealsMultiFamily6,251 SF
Sold 03/15/2024
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.
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Deal Type
30 years
10 years
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%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22
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