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1026 North Hudson Avenue, L...

Hovhannes Geysimonyan Acquires Multifamily Property In Hollywood For $2.07M
SOLDMultiFamily

Hovhannes Geysimonyan Acquires Multifamily Property In Hollywood For $2.07M

1026 North Hudson Avenue, Los Angeles, California 90038, United States

$2,070,000

$323/SF

Building Size

6,400 SF

Asset Type

MultiFamily

Closing

Apr 24, 2022

AI

Located in Hollywood, the multifamily property at 1026 N. Hudson Ave. was recently sold in a transaction brokered by Ariel Sayani and Ardy Ishal of BRC Advisors. The sale was finalized on April 25, 2022, with Hovhannes Geysimonyan purchasing the property from Robin Haim. The sale price for this transaction was $2,070,000. The property consists of eight units, offering a price per unit of $258,750. The total square footage of the property is 6,400, resulting in a price per square foot of $323.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,070,000
  • Address: 1026 N. Hudson Ave.
  • Market: Hollywood

In this deal, Hovhannes Geysimonyan served as the buyer, while Robin Haim acted as the seller. Ariel Sayani and Ardy Ishal, representing BRC Advisors, facilitated the transaction as the brokers.

Players

Ariel Sayani

Partners CRE

Broker

$69.5M

vol

25 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage

Hovhannes Geysimonyan

Buyer

$3.2M

vol

2 deals

Buyer

Robin Haim

Seller

$11.3M

vol

2 deals

Seller

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

7.66%

Cash-on-Cash

-2.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93