Jared Levine & Hirsch Sherman Acquire Hollywood Multifamily For $2.125M
SOLD
$2,125,000
California
See Similar DealsMultiFamily7,926 SF
Sold
SOLD
Jared Levine & Hirsch Sherman Acquire Hollywood Multifamily For $2.125M
1016 North Heliotrope Drive, Los Angeles, CA 90029, USA
See Similar DealsMultiFamily7,926 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$268
Total Square Footage:7926 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$113,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,549.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,073.58
Annual Debt Service$120,883.01
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