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Moorpark St

Eric McLeod Sells North Hollywood Multifamily Asset For $4.15 Million With Brokers Tony Sameyah & Reza Ghobadi
SOLDMultiFamily

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

Reza Ghobadi

Colliers

Broker

$277.6M

vol

37 deals

Broker

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