Joe Elliott Acquires West Hollywood Condo For $2.3M
SOLD
$2,300,000
California
See Similar DealsCondo1,793 SF
Sold 08/26/2021
SOLD
Joe Elliott Acquires West Hollywood Condo For $2.3M
West Hollywood, CA, USA
See Similar DealsCondo1,793 SF
Sold 08/26/2021
Summary
CALIFORNIA
Asset Type:Condo
Price Per Square Foot:$1,282
Total Square Footage:1,793 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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