Updated Dec 20, 2023
Tom Schwartz Acquires Multifamily Property In Valley Village From Gary Perdenza
5807 Laurel Canyon Boulevard, North Hollywood, California 91607, United States
$19,050,000
$448/SF
Building Size
42,524 SF
Asset Type
MultiFamily
Closing
Jan 18, 2022
About this deal
AI
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.
Valley Village 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93