Updated Dec 21, 2023
Ali Akhavanfar Acquires North Hollywood SFR For $720K With City One Realty As Brokers
8706 Costello Avenue
$720,000
$327/SF
Building Size
2,200 SF
Asset Type
Single Family Residence
Closing
Jul 1, 2020
About this deal
AI
The property involved in this transaction is located at 8706 Costello Ave in North Hollywood. It is a single-family residence with a total of 3 units on the same land. The property includes a 4-bedroom single unit, a 1-bedroom single unit, and a garage converted into an accessory dwelling unit (ADU). With a total area of 2,200 square feet, the property was sold for $720,000, resulting in a price per square foot of $356.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $720,000
- Date: 07/01/2021
- Market: North Hollywood
The buyer in this transaction was Ali Akhavanfar. The seller was Josue De Leon. The deal was facilitated by the real estate agency City One Realty. Notably, the buyer was influenced by @PrinceOfRealState, who is the brother of Hollywood celebrity @MeganPormer. The property is expected to generate rental income of approximately $5,000 per month, making it a highly attractive investment in the current market.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $327 per square foot on a published $720K for 2,200 square feet (2020).
Browse Los Angeles single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
22.03%
Cash-on-Cash
-6.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93