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
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