Updated Dec 21, 2023
Marcus & Millichap Brokers Sell North Hills Multifamily Property For $3.2M
9005 Orion Avenue, North Hills, CA 91343, USA
$3,200,000
$153/SF
Building Size
20,880 SF
Asset Type
MultiFamily
Closing
Nov 14, 2018
About this deal
AI
Located at 9005 Orion Ave in North Hills, this multifamily property was recently sold for $3,200,000. The transaction took place on 11/15/2018 and involved 18 units. The property has a cap rate of 5.55% and a gross rent multiplier (GRM) of 10.99. The price per unit is $177,778, and the price per square foot (PPSF) is $178.67. The sale was facilitated by Filip Niculete and Arash Memary, brokers from Marcus & Millichap.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Date: 11/15/2018
- Address: 9005 Orion Ave
- Market: North Hills
- Units: 18
- Cap Rate: 5.55%
- Gross Rent Multiplier (GRM): 10.99
- Price per Unit (PPU): $177,778
- Price per Square Foot (PPSF): $178.67
Filip Niculete and Arash Memary from Marcus & Millichap played a crucial role in facilitating this sale transaction. Their expertise and efforts contributed to the successful completion of the deal.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93