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
West Hollywood CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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