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Menachem Dahan & Aaron Mishael Acquire 10-Unit Multifamily Property In West Hollywood

Property Image
SOLD
$3,780,250
Jake Plewa
ER

California

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MultiFamily8,632 SF
Sold 04/28/2023
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Property Image
SOLD

Menachem Dahan & Aaron Mishael Acquire 10-Unit Multifamily Property In West Hollywood

1008 North Stanley Avenue

See Similar Deals
MultiFamily8,632 SF
Sold 04/28/2023
Jake Plewa
ER
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$437
Total Square Footage:8,632 SF
Transaction Type:Sale

A multifamily property located at 1008 North Stanley Avenue in West Hollywood has been sold in a recent transaction. The property consists of 10 units with a total square footage of 8,632. The sale price for this transaction was $3,780,250, which translates to a price per unit of $378,025 and a price per square foot of $438.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,780,250
  • Address: 1008 North Stanley Avenue
  • Market: West Hollywood
  • Units: 10
  • Price per Unit: $378,025
  • Square Footage: 8,632
  • Price per Square Foot: $438

The buyers of this property were Menachem Dahan and Aaron Mishael. The seller for this transaction was Elijah Rosenberg. The deal was facilitated by Jake Plewa from Remax acting as the broker.

Players

Jake Plewa
Re/Max
Jake Plewa
17 deals$78.8M volume
BROKER
ER
Elijah Rosenberg
5 deals$17.2M volume
SELLER

Details

SOLD
IMAGE: Jake Plewa DATE: 04/28/2023 ADDRESS: 1008 North Stanley Avenue MARKET: West Hollywood ASSET TYPE: Multifamily BUYER: Menachem Dahan & Aaron Mishael SELLER: Elijah Rosenberg BROKER: Jake Plewa (@Jjplewa) - Remax (@Remax) (@TaksaInvestmentGroup) ASKING PRICE: $3,900,000 SALE PRICE: $3,780,250 UNITS: 10 ~ PPU: $378,025 SF: 8,632 ~ PPSF: $438

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,430.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,920.31
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