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1008 North Stanley Avenue

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

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

1008 North Stanley Avenue

$3,780,250

$437/SF

Building Size

8,632 SF

Asset Type

MultiFamily

Closing

Apr 28, 2023

AI

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

Broker

$78.8M

vol

17 deals

Broker

Elijah Rosenberg

Seller

$17.2M

vol

5 deals

Seller

Market 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

4.20%

Cash-on-Cash

-1.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93