Northridge Multifamily Sells For $1.4M With Reps Heather Boren, Ray Rodriguez, And Hooman Emanuel
SOLD
$1,400,000
California
See Similar DealsMultiFamily5,156 SF
Sold 05/20/2021
SOLD
Northridge Multifamily Sells For $1.4M With Reps Heather Boren, Ray Rodriguez, And Hooman Emanuel
8449 Amigo Avenue, Northridge, CA 91324
See Similar DealsMultiFamily5,156 SF
Sold 05/20/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$271
Total Square Footage:5,156 SF
Transaction Type:Sale
A multifamily property located at 8449 Amigo Ave in Northridge has been sold for $1,400,000. The property consists of 7 units with an average price per unit (PPU) of $200,000. The total square footage is 5,156, resulting in a price per square foot (PPSF) of $293. The property has a cap rate of 4.16%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Units: 7
- PPU: $200,000
- SF: 5,156
- PPSF: $293
- CAP: 4.16%
The sale of this multifamily property was facilitated by Heather Boren, Ray Rodriguez, and Hooman Emanuel, representing EREGLosAngeles, KWStudioCity, KwCommercialSocal, and Lucrumre.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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