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7242 Fountain Ave, West Hol...

Yair Mergi Acquires Mixed-Use Property On Fountain Ave In West Hollywood For $1.24M
SOLDMixed-use

Yair Mergi Acquires Mixed-Use Property On Fountain Ave In West Hollywood For $1.24M

7242 Fountain Ave, West Hollywood, CA, USA

$1,240,000

$989/SF

Building Size

1,253 SF

Asset Type

Mixed-use

Closing

Sep 24, 2019

AI

A mixed-use property located at 7242 Fountain Ave in West Hollywood has been sold in a recent transaction. The property was sold for $1,240,000, with a total square footage of 1,253. The price per square foot for this transaction was $989.62.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $1,240,000
  • Square Footage: 1,253
  • Price per Square Foot: $989.62
  • Address: 7242 Fountain Ave, West Hollywood

The buyer of the property is Yair Mergi, while the seller is Alla Matusova. Jacob Weinblut and Bijan Saadati from Keller Williams acted as the brokers in this transaction.

Players

Bijan Saadati

Keller Williams Realty

Broker

$16.9M

vol

5 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

12.79%

Cash-on-Cash

-3.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93