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1200 North Sweetzer Avenue,...

Charles & Catherine Simpson Acquire West Hollywood Condo For $1.6M
SOLD

Charles & Catherine Simpson Acquire West Hollywood Condo For $1.6M

1200 North Sweetzer Avenue, West Hollywood, CA 90069

$1,600,000

$941/SF

Building Size

1,700 SF

Asset Type

Closing

Dec 22, 2021

AI

A condo located at 1200 Sweetzer Ave. in West Hollywood has been sold for $1,600,000. The property spans approximately 1,700 square feet, resulting in a price per square foot of $941. The sale took place on 12/22/2021. The buyer of the condo is Charles and Catherine Simpson, while the seller is William J. Rouse and Stephane Vachon.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,600,000
  • Address: 1200 Sweetzer Ave., West Hollywood
  • Buyer: Charles & Catherine Simpson
  • Seller: William J. Rouse & Stephane Vachon
  • Square Footage: 1,700
  • Price per Square Foot: $941

The transaction was facilitated by Michael Khorshidi from Compass acting as the broker for both the buyer and the seller. Michael Khorshidi played a crucial role in ensuring a successful sale of the condo at 1200 Sweetzer Ave. in West Hollywood.

Players

Michael Khorshidi

Compass

Broker

$30.8M

vol

7 deals

Broker

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93