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8121 Norton Avenue, West Ho...

Updated Dec 21, 2023

Bilt advertisement
Michael Khorshidi Of Compass Represents Buyer In $1.4M Condo Sale In West Hollywood
SOLD

Michael Khorshidi Of Compass Represents Buyer In $1.4M Condo Sale In West Hollywood

8121 Norton Avenue, West Hollywood, California 90046, United States

$1,425,000

$1,021/SF

Building Size

1,395 SF

Asset Type

Closing

Jul 19, 2022

About this deal

AI

A condo located at 8121 Norton Ave. in West Hollywood has been sold. The property, measured at 1,395 square feet, was sold for a price of $1,425,000. The condo features a price per square foot of $1,021.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,425,000
  • Square Footage: 1,395
  • Address: 8121 Norton Ave., West Hollywood

The seller of the condo was Robert Stamp. The buyer was represented by Michael Khorshidi from Compass.

The commercial sale at 8121 Norton Avenue, West Hollywood, California 90046, United States in West Hollywood, California sold for $1.4M in 2022. The building is 1,395 square feet, implying about 1K per square foot on the published price. Michael Khorshidi, Compass appear on the sale alongside Compass. This page is the West Hollywood, California file for the 8121 Norton Avenue, West Hollywood, California 90046, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same West Hollywood sit in the Market section below. Filter that West Hollywood commercial set by closing date to see what else sold near 8121 Norton Avenue, West Hollywood, California 90046, United States around 2022. Published consideration for 8121 Norton Avenue, West Hollywood, California 90046, United States is $1.4M, dated 2022. Cite this Michael Khorshidi Of Compass Represents Buyer In $1.4M Condo Sale In West Hollywood sale when underwriting similar commercial product around West Hollywood, California.

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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Deal FAQ

About $1K per square foot on a published $1.4M for 1,395 square feet (2022).

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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

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