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1016 North Heliotrope Drive...

Updated Sep 9, 2024

Jared Levine & Hirsch Sherman Acquire Hollywood Multifamily For $2.125M
SOLDMultiFamily

Jared Levine & Hirsch Sherman Acquire Hollywood Multifamily For $2.125M

1016 North Heliotrope Drive, Los Angeles, CA 90029, USA

$2,125,000

$268/SF

Building Size

7,926 SF

Asset Type

MultiFamily

Closing

Jan 15, 2019

About this deal

AI

The multifamily property located at 1016 N. Heliotrope in Hollywood has been sold for a price of $2,125,000. The property spans across 7,926 square feet and consists of 2 units. The sale took place on January 16, 2019.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,125,000
  • Square Footage: 7,926
  • Units: 2
  • Market: Hollywood

The brokers involved in the transaction were Jared Levine and Hirsch Sherman from JML Real Estate Group.

The multifamily sale at 1016 North Heliotrope Drive, Los Angeles, CA 90029, USA in Los Angeles, California sold for $2.1M in 2019. Reported inventory is 7,926 square feet across 2 units, or about 268 per square foot. Jared Levine, Hirsch Sherman, Keller Williams Realty appear on the sale alongside Keller Williams Realty. This page is the Los Angeles, California file for the 1016 North Heliotrope Drive, Los Angeles, CA 90029, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 1016 North Heliotrope Drive, Los Angeles, CA 90029, USA around 2019. Published consideration for 1016 North Heliotrope Drive, Los Angeles, CA 90029, USA is $2.1M, dated 2019. Cite this Jared Levine & Hirsch Sherman Acquire Hollywood Multifamily For $2.125M sale when underwriting similar multifamily product around Los Angeles, California.

On the Map

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$2,125,000

$268/SF

MultiFamily

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Players

Jared Levine

Broker

$100.5M

vol

22 deals

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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $268 per square foot on a published $2.1M for 7,926 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.46%

Cash-on-Cash

-2.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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