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:
- Property Type: Multifamily
- Transaction Amount: $11,800,000
- Units: 85
- Square Feet: 35,825
- Price Per Unit: $138,823
- Price Per Square Foot: $329
- Buyer: Lidia Myhill - Countrywide Capital
- Seller: Henry Anita - Saticoy Partners
- Brokers: Rick Raymundo, Philip Rodgers & Benjamin Savoy - Marcus & Millichap
- Date of Transaction: 08/15/2024
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
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