Updated Dec 19, 2023
Zenicki Muramoto Acquires Multifamily Property In West Hollywood For $2.145M
1024 North Stanley Avenue, West Hollywood, California 90046, United States
$2,145,000
$383/SF
Building Size
5,589 SF
Asset Type
MultiFamily
Closing
Apr 5, 2022
About this deal
AI
An multifamily property located at 1024 N. Stanley Ave. in West Hollywood has been sold. The transaction took place on 04/06/2022. The property consists of 6 units with a total square footage of 5,589. The sale price for this property was $2,145,000, resulting in a price per unit of $357,500 and a price per square foot of $383.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $2,145,000
- Units: 6
- Price Per Unit: $357,500
- Square Footage: 5,589
- Price Per Square Foot: $383
Zenicki Muramoto purchased the property from Mark Tashman. The transaction was facilitated by brokers Kimiyasu Murayoshi from HJK International Inc., Sam Liberow from The Liberow Group, and Steven Schechter from Marcus & Millichap.
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
7.40%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93