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
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