Hovhannes Geysimonyan Acquires Multifamily Property In Hollywood For $2.07M
SOLD
$2,070,000
California
See Similar DealsMultiFamily6,400 SF
Sold 04/25/2022
SOLD
Hovhannes Geysimonyan Acquires Multifamily Property In Hollywood For $2.07M
1026 North Hudson Avenue, Los Angeles, California 90038, United States
See Similar DealsMultiFamily6,400 SF
Sold 04/25/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$323
Total Square Footage:6,400 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$110,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,354.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,812.86
Annual Debt Service$117,754.27
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