Updated Feb 16, 2024
Richard Ringer And Jeff Benson Acquire West Hollywood Multifamily For $3.18M
1036 North Genesee Avenue, West Hollywood, CA, USA & 1036 North Genesee Avenue, West Hollywood, CA, USA
$3,180,000
$194/SF
Building Size
8,190 SF
Asset Type
—
Closing
May 7, 2019
About this deal
AI
A multifamily property located at 1036 N Genesee in West Hollywood has been sold for a total price of $3,180,000. The property spans a total of 8,190 square feet, resulting in a price per square foot of $388.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,180,000
- Address: 1036 N Genesee
- Market: West Hollywood
- Square Footage: 8,190
- Price per Square Foot: $388
The sale of this multifamily property was facilitated by Richard Ringer and Jeff Benson, who represented the parties involved in the transaction. Richard Ringer and Jeff Benson are brokers associated with Marcus & Millichap.
Players
West Hollywood CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.99%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93