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6860 Gentry Avenue

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

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

6860 Gentry Avenue

$2,530,000

$399/SF

Building Size

6,329 SF

Asset Type

MultiFamily

Closing

Sep 6, 2024

AI

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

Compass

Broker

$5.2M

vol

2 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

6.27%

Cash-on-Cash

-1.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93