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8449 Amigo Avenue, Northrid...

Northridge Multifamily Sells For $1.4M With Reps Heather Boren, Ray Rodriguez, And Hooman Emanuel
SOLDMultiFamily

Northridge Multifamily Sells For $1.4M With Reps Heather Boren, Ray Rodriguez, And Hooman Emanuel

8449 Amigo Avenue, Northridge, CA 91324

$1,400,000

$271/SF

Building Size

5,156 SF

Asset Type

MultiFamily

Closing

May 19, 2021

AI

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.

Players

Hooman Emanuel

Keller Williams Realty

Broker

$147.4M

vol

9 deals

Broker

Los Angeles 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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93