Arzoo Karo Acquires Multifamily Property On Vineland Ave. In North Hollywood For $2.02M
5752 Vineland Avenue, North Hollywood, California 91601, United States
$2,020,000
$340/SF
Building Size
5,936 SF
Asset Type
MultiFamily
Closing
May 17, 2022
AI
A multifamily property located at 5752-5758 Vineland Ave in North Hollywood has been sold for $2,020,000. The property consists of 8 units with a total square footage of 5,936. The sale price per unit was approximately $252,500 and the price per square foot was $340.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,020,000
- Address: 5752-5758 Vineland Ave, North Hollywood
- Market: North Hollywood
- Buyer: Arzoo Karo
- Seller: Richard & Sally Zeller
- Brokers: Sam Liberow (heLiberowGroup), Max Gersht
- Units: 8
- Square Footage: 5,936
- Price per Unit: $252,500
- Price per Square Foot: $340
The buyer, Arzoo Karo, acquired the property from Richard & Sally Zeller. The deal was facilitated by brokers Sam Liberow from the Liberow Group and Max Gersht.
Players
Los Angeles 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
7.85%
Cash-on-Cash
-2.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93