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Dean Harizavi Of ARTA Financial Services Represents Buyer In $2.53M North Hollywood Multifamily Sale

Property Image
SOLD
$2,530,000

California

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MultiFamily6,329 SF
Sold 09/06/2024
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Property Image
SOLD

Dean Harizavi Of ARTA Financial Services Represents Buyer In $2.53M North Hollywood Multifamily Sale

6860 Gentry Avenue

See Similar Deals
MultiFamily6,329 SF
Sold 09/06/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$399
Total Square Footage:6,329 SF
Transaction Type:Sale

A fully occupied, modern multifamily complex located at 6860 Gentry Avenue, North Hollywood, has changed hands for $2,530,000. The property encompasses a total of 6,329 square feet, translating to $400 per square foot. It includes four units, each featuring four bedrooms and three bathrooms, along with amenities such as central air, in-unit laundry facilities, solar panels, and an 8-car carport.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,530,000
  • Units: 4
  • Price Per Unit: $632,500
  • Square Footage: 6,329
  • Price Per Square Foot: $400
  • Buyer's Representative: Dean Harizavi - ARTA Financial Services
  • Seller's Representative: Lena Ghezel - Compass
  • Sale Date: 09/06/2024

Dean Harizavi, representing the buyer, is affiliated with ARTA Financial Services, while Lena Ghezel, representing the seller, works with Compass. These professionals facilitated the transaction of the property to its new owner.

Players

Lena Ghezel
2 deals$5.2M volume(714) 914-3443
BROKER

Dean Harizavi
ARTA Financial Services
1 deal$2.5M volume
BROKER

Details

SOLD
IMAGE: Dean Harizavi & Lena Ghezel DATE: 09/06/2024 ADDRESS: 6860 Gentry Avenue MARKET: North Hollywood ASSET TYPE: Multifamily BUYER'S REP: Dean Harizavi - ARTA Financial Services SELLER'S REP: Lena Ghezel (@LenaGhezel) - Compass (@Compass) SALE PRICE: $2,530,000 UNITS: 4 ~ PPU: $632,500 SF: 6,329 ~ PPSF: $400 NOTE: A fully occupied, modern multifamily complex at 6860 Gentry Avenue, North Hollywood, has sold for $2.53 million ($400 per square foot). The property, built in 2022, includes four-bedroom, three-bathroom units with central air, in-unit laundry, solar panels, and an 8-car carport.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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