Updated Dec 4, 2024
Josh Harret Acquires 8-unit Multifamily In West Hollywood For $2.2M
1014 North Hayworth Avenue
$2,200,000
$473/SF
Building Size
4,648 SF
Asset Type
MultiFamily
Closing
Oct 19, 2023
About this deal
AI
The multifamily property located at 1014 North Hayworth Avenue in West Hollywood has been sold for a price of $2,200,000. The property consists of 8 units, with each unit having a price per unit (PPU) of $275,000. The total square footage of the property is 4,648, resulting in a price per square foot (PPSF) of $473.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Units: 8
- PPU: $275,000
- SF: 4,648
- PPSF: $473
The buyer of the property is Josh Harret, while the seller is Judith Odest. Jordan Asheghian from Marcus & Millichap represented the seller as their broker representative (seller's rep) in the deal.
Players
West Hollywood 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93