Warren Berzack Acquires Multifamily Property In North Hills For $9.6M
SOLD
$9,575,000
California
See Similar DealsMultiFamily28,742 SF
Sold 03/29/2022
SOLD
Warren Berzack Acquires Multifamily Property In North Hills For $9.6M
8960 Orion Avenue, North Hills, California 91343, United States
See Similar DealsMultiFamily28,742 SF
Sold 03/29/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$333
Total Square Footage:28,742 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$510,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,017.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,390.38
Annual Debt Service$544,684.62
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