Warren Berzack Acquires Multifamily Property In North Hills For $9.6M
8960 Orion Avenue, North Hills, California 91343, United States
$9,575,000
$333/SF
Building Size
28,742 SF
Asset Type
MultiFamily
Closing
Mar 28, 2022
AI
A multifamily property located at 8960 Orion Avenue in North Hills has been sold for a sale price of $9,575,000. The property consists of 37 units with an average price per unit (PPU) of $258,783. The total square footage of the property is 28,742, resulting in a price per square foot (PPSF) of $333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,575,000
- Units: 37
- PPU: $258,783
- Square Footage: 28,742
- PPSF: $333
- Address: 8960 Orion Avenue
- Market: North Hills
Warren Berzack has purchased the property from Roger Prochazka. The deal was facilitated by Adam Feldman, Daniel Withers, and John Boyett of Matthews Real Estate Investment Services.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.66%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93