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1036 North Edinburgh Avenue

Jon Stein Acquires Multifamily Property In West Hollywood For $2.6M
SOLDMultiFamily

Jon Stein Acquires Multifamily Property In West Hollywood For $2.6M

1036 North Edinburgh Avenue

$2,600,000

$302/SF

Building Size

8,600 SF

Asset Type

MultiFamily

Closing

Mar 22, 2024

AI

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.

Players

Ariel Sayani

Partners CRE

Broker

$69.5M

vol

25 deals

Broker

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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93