Jon Stein Acquires Multifamily Property In West Hollywood For $2.6M
SOLD
$2,600,000
California
See Similar DealsMultiFamily8,600 SF
Sold 03/22/2024
SOLD
Jon Stein Acquires Multifamily Property In West Hollywood For $2.6M
1036 North Edinburgh Avenue
See Similar DealsMultiFamily8,600 SF
Sold 03/22/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$302
Total Square Footage:8,600 SF
Transaction Type:Sale
The multifamily property located at 1036 North Edinburgh Avenue in West Hollywood was sold for $2,600,000. The property consists of 10 units with a price per unit of $260,000. Spanning 8,600 square feet, the property was sold at a price per square foot of $302.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Units: 10
- Price Per Unit: $260,000
- Square Footage: 8,600
- Price Per Square Foot: $302
- Address: 1036 North Edinburgh Avenue
- Market: West Hollywood
The transaction was facilitated by Ariel Sayani from Partners CRE, representing the buyer Jon Stein and the seller Patricia J. Carter. Ariel Sayani played a crucial role as the broker in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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