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1002 North Ridgewood Place,...

Jerry Kumijan Acquires Hollywood Multifamily For $1.83M With Ikon Advisors & Yohann Bensimon & Dan Malka
SOLDMultiFamily

Jerry Kumijan Acquires Hollywood Multifamily For $1.83M With Ikon Advisors & Yohann Bensimon & Dan Malka

1002 North Ridgewood Place, Los Angeles, CA 90038, USA

$1,830,000

$631/SF

Building Size

2,900 SF

Asset Type

MultiFamily

Closing

Sep 20, 2021

AI

A multifamily property located at 1002 N. Ridgewood Pl. in Hollywood has been sold for a total of $1,830,000. The transaction took place on September 20, 2021. The property consists of 3 units with a total square footage of 2,900. The price per unit is approximately $610,000, and the price per square foot is $631. The sale was facilitated by Ikon Advisors, with Yohann Bensimon and Dan Malka serving as brokers.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,830,000
  • Units: 3
  • Price per Unit: $610,000
  • Square Footage: 2,900
  • Price per Square Foot: $631

Jerry Kumijan acted as the buyer in this transaction, while Richard Francis was the seller. In addition to Ikon Advisors, Yohann Bensimon and Dan Malka played key roles as brokers, representing the parties involved in the deal.

Players

Dan Malka

Keller Williams Realty

Broker

$35.2M

vol

9 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.67%

Cash-on-Cash

-2.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93