Updated Oct 29, 2024
Metros Campital Acquires Small Lot/Townhome Development On North Stanley Ave For $1.35M
1351 N Stanley Ave, West Hollywood, CA, USA
$1,350,000
$981/SF
Building Size
1,376 SF
Asset Type
Mixed-use
Closing
Oct 1, 2019
About this deal
AI
An small lot/townhome development located at 1351 North Stanley Ave was recently sold for $1,350,000. The property, known as LA RD 1.5, was acquired by Metros Campital. The transaction was facilitated by Arin Gharibian, Roy Harel, and Chadman Soladar from 3TEN Partners.
Summary of transation details
- Property Type: Small Lot/Townhome Development
- Transaction Amount: $1,350,000
- Date: 10/02/2019
- Address: 1351 North Stanley Ave
- Buyer: Metros Campital
- Brokers: Arin Gharibian, Roy Harel, Chadman Soladar - 3TEN Partners
- Notes: LA RD 1.5
The sale of this small lot/townhome development showcases the successful collaboration between Metros Campital and their brokers, Arin Gharibian, Roy Harel, and Chadman Soladar from 3TEN Partners. With LA RD 1.5 as the asset, the buyers were able to acquire the property for $1,350,000, highlighting their investment in this development.
On the Map
$1,350,000
$981/SF
Mixed-use
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Players
West Hollywood Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
About $981 per square foot on a published $1.4M for 1,376 square feet (2019).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93