Updated Dec 20, 2023
Ali Habibi Acquires West Hollywood Multifamily For $3.15M
1030 North Edinburgh Avenue, West Hollywood, CA 90046
$3,150,000
$389/SF
Building Size
8,080 SF
Asset Type
MultiFamily
Closing
Dec 27, 2021
About this deal
AI
A multifamily property located at 1030 Edinburgh Ave. in West Hollywood has been sold for $3,150,000. The property consists of 9 units with an average price per unit of $350,000. The total square footage of the property is 8,080, resulting in a price per square foot of $389.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Units: 9
- Average Price per Unit: $350,000
- Total Square Footage: 8,080
- Price per Square Foot: $389
- Address: 1030 Edinburgh Ave.
- Market: West Hollywood
The buyer of the property is Ali Habibi, while the seller is Steven Stern. Neema Ahadian, representing Marcus & Millichap, acted as the broker for this transaction.
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93