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5907 Cahuenga Boulevard

Josh Gorokhovsky Of Telos Properties Acquires Multifamily Asset In North Hollywood For $1M
SOLDMultiFamily

Josh Gorokhovsky Of Telos Properties Acquires Multifamily Asset In North Hollywood For $1M

5907 Cahuenga Boulevard

$1,000,000

$329/SF

Building Size

3,032 SF

Asset Type

MultiFamily

Closing

Oct 30, 2024

AI

The property asset involved in this transaction is a multifamily unit located at 5907 Cahuenga Boulevard in North Hollywood. The sale price of the property was $1,000,000, encompassing a total of 7 units. The property spans a square footage of 3,032, with a price per unit of $142,857 and a price per square foot of $329.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Units: 7
  • Square Footage: 3,032
  • Price Per Unit: $142,857
  • Price Per Square Foot: $329
  • Buyer: Josh Gorokhovsky - Telos Properties
  • Brokers: Elliot Hassan & Mike Hannasab - NorthMarq
  • Date of Transaction: 10/30/2024

The deal was facilitated by Josh Gorokhovsky representing Telos Properties as the buyer, with brokers Elliot Hassan and Mike Hannasab from NorthMarq involved in the transaction. The representation of these brokers highlights their role in executing this multifamily real estate deal in the North Hollywood market.

Players

Elliot Hassan

NorthMarq

Broker

$259.8M

vol

26 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93