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
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