Updated Sep 9, 2024
Sam Liberow's The Liberow Group Sells West Hollywood Multifamily For $3.45M
1036 North Genesee Avenue
$3,450,000
$421/SF
Building Size
8,190 SF
Asset Type
MultiFamily
Closing
Apr 9, 2021
About this deal
AI
Sam Liberow @Sam_Liberow recently closed a multifamily sale in West Hollywood. The property located at 1036 N Genesee Avenue was sold on 04/09/2021 for a price of $3,450,000. It consists of 10 units, with a price per unit of $345,000. The total square footage of the property is 8,190, resulting in a price per square foot of $421. The capitalization rate (CAP) for this transaction is 4.08% and the gross rent multiplier (GRM) is 15.26.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,450,000
- Units: 10
- Price per Unit: $345,000
- Square Footage: 8,190
- Price per Square Foot: $421
- CAP: 4.08%
- GRM: 15.26
The sale was facilitated by Sam Liberow from TheLiberowGroup, who represented the parties involved in the 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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93