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11741 Saticoy Street

Lidia Myhill Of Countrywide Capital Acquires Multifamily Asset From Henry Anita For $11.8M
SOLDMultiFamily

Lidia Myhill Of Countrywide Capital Acquires Multifamily Asset From Henry Anita For $11.8M

11741 Saticoy Street

$11,800,000

$329/SF

Building Size

35,825 SF

Asset Type

MultiFamily

Closing

Aug 15, 2024

AI

The property asset involved in the transaction is a multifamily building located at 11741 Saticoy Street in North Hollywood. The asset encompasses 35,825 square feet and consists of 85 units. The sale price for the property was $11,800,000, which results in a price per unit of $138,823 and a price per square foot of $329.

Summary of transaction details:

The key individuals in this transaction include the buyer Lidia Myhill representing Countrywide Capital and the seller Henry Anita representing Saticoy Partners. The brokerage team facilitating this deal consists of Rick Raymundo, Philip Rodgers, and Benjamin Savoy from Marcus & Millichap, who played a crucial role in the transaction.

Players

Rick Raymundo

Marcus & Millichap

Broker

$423.9M

vol

54 deals

Broker

North Hollywood 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

1.34%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93