Danny Abergel Acquires Multifamily Property In North Hollywood For $1.9M
SOLD
$1,900,000
California
See Similar DealsMultiFamily7,392 SF
Sold 02/09/2024
SOLD
Danny Abergel Acquires Multifamily Property In North Hollywood For $1.9M
6725 Laurel Canyon Boulevard
See Similar DealsMultiFamily7,392 SF
Sold 02/09/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$257
Total Square Footage:7,392 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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