Arzoo Karo Acquires Multifamily Property On Vineland Ave. In North Hollywood For $2.02M
SOLD
$2,020,000
California
See Similar DealsMultiFamily5,936 SF
Sold 05/18/2022
SOLD
Arzoo Karo Acquires Multifamily Property On Vineland Ave. In North Hollywood For $2.02M
5752 Vineland Avenue, North Hollywood, California 91601, United States
See Similar DealsMultiFamily5,936 SF
Sold 05/18/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$340
Total Square Footage:5,936 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$107,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,176.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,575.83
Annual Debt Service$114,909.97
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