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
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