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7045 Whitsett Ave, North Ho...

Danny Spiwak, @MikeHanassab, Elliot Hassan & @JohnKatnik Represented In $1.425M Multifamily Sale
SOLDMultiFamily

Danny Spiwak, @MikeHanassab, Elliot Hassan & @JohnKatnik Represented In $1.425M Multifamily Sale

7045 Whitsett Ave, North Hollywood, Ca 91605, Usa

$1,425,000

$287/SF

Building Size

4,958 SF

Asset Type

MultiFamily

Closing

Sep 15, 2020

AI

A multifamily property located at 7045 Whitsett Ave in North Hollywood has been sold for a price of $1,425,000. The property spans across 4,958 square feet, resulting in a price per square foot of $287.41. This asset consists of 6 units, with each unit being valued at approximately $237,500.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,425,000
  • Address: 7045 Whitsett Ave
  • Market: North Hollywood
  • Square Footage: 4,958
  • Price per Square Foot: $287.41
  • Number of Units: 6
  • Price per Unit: $237,500

The transaction was facilitated by brokers Danny Spiwak, @MikeHanassab, Elliot Hassan, and @JohnKatnik, representing James Capital Advisors.

Players

John Katnik

BRC Advisors

Broker

$121.6M

vol

22 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

11.13%

Cash-on-Cash

-3.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93