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
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.
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
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93