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West Hollywood, CA, USA

Joe Elliott Acquires West Hollywood Condo For $2.3M
SOLDCondo

Joe Elliott Acquires West Hollywood Condo For $2.3M

West Hollywood, CA, USA

$2,300,000

$1,282/SF

Building Size

1,793 SF

Asset Type

Condo

Closing

Aug 26, 2021

AI

A condo located in West Hollywood was recently sold. The property, which has a total area of 1,793 square feet, was purchased by Joe Elliott for a price of $2,300,000. The sale price per square foot is approximately $1,282.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $2,300,000

The buyer in this transaction was Joe Elliott. He is the proud new owner of the condo in West Hollywood. The deal was facilitated by Dustin Nicholas from Nicholas Property Group, as well as Judy Lin Young and Anthony Mariotti from United Real Estate Los Angeles, who acted as the brokers in the transaction.

Players

Dustin Nicholas

Nicholas Property Group

Broker

$106.1M

vol

7 deals

Broker

West Hollywood Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93