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
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