Eric McLeod Sells North Hollywood Multifamily Asset For $4.15 Million With Brokers Tony Sameyah & Reza Ghobadi
Moorpark St
$4,150,000
$399/SF
Building Size
10,396 SF
Asset Type
MultiFamily
Closing
Aug 28, 2024
AI
The property involved in this transaction is a multi-family asset located at 11613-27 Moorpark Street in North Hollywood, Studio City. The sale price for the property was $4,150,000, which translates to a price per unit of $296,428. The total square footage of the asset is 10,396, resulting in a price per square foot of $399. The property consists of a total of 14 units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,150,000
- Units: 14
- Price Per Unit: $296,428
- Square Footage: 10,396
- Price Per Square Foot: $399
- Seller: Eric McLeod
- Broker Representatives: Tony Sameyah & Reza Ghobadi - Colliers
The transaction was facilitated by brokers Tony Sameyah and Reza Ghobadi from Colliers, representing the seller Eric McLeod in the sale of this multi-family property. Their involvement was crucial to the successful completion of the deal.
Players
Studio City 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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93