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1351 N Stanley Ave, West Ho...

Metros Campital Acquires Small Lot/Townhome Development On North Stanley Ave For $1.35M
SOLDMixed-use

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

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.

Players

Roy Harel

Nublock Partners

Broker

$431.1M

vol

19 deals

Broker

West Hollywood Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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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