Updated Sep 9, 2024
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
$2,125,000
$268/SF
MultiFamily
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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