Updated Sep 9, 2024
Leeann Cerrito Buys West Hollywood Condo For $863,800
1424 North Crescent Heights Boulevard, West Hollywood, California 90046, United States
$863,800
$785/SF
Building Size
1,100 SF
Asset Type
—
Closing
Sep 7, 2022
About this deal
AI
A 4th floor condominium in the historic Granville in West Hollywood was recently sold for $863,800. Located at 1424 N Crescent Heights Blvd, this condo offers privacy, security, and a touch of Manhattan living. With a flexible floorplan, the residence features a formal entry, a large living room with oversized windows, 2 bedrooms (one currently used as a den), and a classic-style bathroom with a separate tub and shower. The unit also includes a formal dining room with floor-to-ceiling built-in shelves, a large separate kitchen with marble counters and stainless steel appliances, refinished wood floors, high ceilings, a walk-in closet, crown molding, inside laundry, and air conditioning. The condo spans 1,100 square feet and provides multiple bright exposures to the west and east, offering stunning sunrise and sunset views of the city.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $863,800
- Address: 1424 N Crescent Heights Blvd, West Hollywood
- Square Footage: 1,100
The buyer of the condo was Leeann Cerrito, represented by Joshua Kashani from MS Property Partner. The seller of the property was Ben Forkner. Joshua Kashani was able to secure this condo for his clients at a price $130,000 below the original listing price. He notes that a similar unit on the floor above sold for $275,000 more than their purchase price a few months ago, making it an excellent buy for his clients. If you are interested in learning more about this transaction or are looking to buy or invest in this market, you can reach out to Joshua Kashani via email at [email protected].
West Hollywood CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
About $785 per square foot on a published $863.8K for 1,100 square feet (2022).
Visit Joshua (Josh) Kashani to view all their deals.
Browse California sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.36%
Cash-on-Cash
-5.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93