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5648 Auckland Avenue

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

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

Lena Ghezel

Compass

Broker

$5.2M

vol

2 deals

Broker

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