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6725 Laurel Canyon Boulevard

Danny Abergel Acquires Multifamily Property In North Hollywood For $1.9M
SOLDMultiFamily

Danny Abergel Acquires Multifamily Property In North Hollywood For $1.9M

6725 Laurel Canyon Boulevard

$1,900,000

$257/SF

Building Size

7,392 SF

Asset Type

MultiFamily

Closing

Feb 9, 2024

AI

A multifamily property located at 6725 Laurel Canyon Boulevard in North Hollywood has been sold in a closed transaction. The property consists of 14 units with a total square footage of 7,392. The sale price for the property was $1,900,000, resulting in a price per unit of $135,714 and a price per square foot of $257.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Address: 6725 Laurel Canyon Boulevard
  • Market: North Hollywood
  • Units: 14
  • Square Footage: 7,392
  • Price per Unit: $135,714
  • Price per Square Foot: $257

Danny Abergel was the buyer in this transaction, and Philip L. Carter was the seller. The buyer was represented by Akash Saini & Morgan Wetmore from The Commercial Broker - Keller Williams, while Michael Salerno from Lee & Associates represented the seller.

Players

Akash Saini
Verified Badge

Akash Saini

Keller Williams Realty

Broker

$86.2M

vol

27 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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93