Tom Schwartz Acquires Multifamily Property In Valley Village From Gary Perdenza
SOLD
$19,050,000
California
See Similar DealsMultiFamily42,524 SF
Sold 01/19/2022
SOLD
Tom Schwartz Acquires Multifamily Property In Valley Village From Gary Perdenza
5807 Laurel Canyon Boulevard, North Hollywood, California 91607, United States
See Similar DealsMultiFamily42,524 SF
Sold 01/19/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$448
Total Square Footage:42,524 SF
Transaction Type:Sale
Located at 5807 Laurel Canyon Boulevard in Valley Village, this multifamily property was recently sold in a closed transaction. The property consists of 56 units, offering a total square footage of 42,524. The sale price for this asset was $19,050,000, resulting in a price per unit of $340,179. The price per square foot was calculated at $447. With a Gross Rent Multiplier (GRM) of 14.99x, this property presents a capitalization rate (CAP) of 4.05%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,050,000
- Address: 5807 Laurel Canyon Boulevard
- Market: Valley Village
The buyer in this transaction was Tom Schwartz, while the seller was Gary Perdenza. The deal was facilitated by Rick Raymundo from the Marcus & Millichap brokerage. Rick Raymundo represented the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,015,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,680.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,306.72
Annual Debt Service$1,083,680.63
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