Updated Sep 9, 2024
Rick Raymundo & Matthew Maun Of Marcus & Millichap Sell North Hollywood Multifamily Property For $2.8M
8241 Whitsett Ave,North Hollywood,California
$2,800,000
Units
13
Asset Type
MultiFamily
Closing
Feb 28, 2023
About this deal
AI
The multifamily property located at 8241 Whitsett Ave in North Hollywood has been sold in a recent transaction. The sale, facilitated by brokers Rick Raymundo and Matthew Maun of Marcus & Millichap, took place on February 28, 2023.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $2,800,000
- Date: 02/28/2023
- Address: 8241 Whitsett Ave
- Market: North Hollywood
- Units: 13
- Price Per Unit: $215,385
The property consists of 13 units and was sold at a price of $2,800,000, resulting in a price per unit of $215,385. Rick Raymundo and Matthew Maun, representing Marcus & Millichap, played a crucial role in facilitating the transaction.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93