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
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