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
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