Michael Sharshad Acquires 5-Unit Multifamily In West Hollywood For $2.15M
1038 N Crescent Heights Blvd West Hollywood, CA 90046, USA
$2,150,000
$500/SF
Building Size
4,300 SF
Asset Type
MultiFamily
Closing
Jun 29, 2023
AI
The property involved in this transaction is a multi-family asset located at 1038 North Crescent Heights Boulevard in West Hollywood. The property consists of 5 units with a total square footage of 4,300. The sale price for this property was $2,150,000, resulting in a price per unit of $430,000 and a price per square foot of $500.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,150,000
- Units: 5
- Price Per Unit: $430,000
- Square Footage: 4,300
- Price Per Square Foot: $500
- Address: 1038 North Crescent Heights Boulevard
- Market: West Hollywood
The buyer in this transaction is Michael Sharshad, while the seller is Monday Justice. Jackie Fiske from Compass represented the buyer as their representative, and the seller was represented by Sam Liberow from The Liberow Group and Max Gersht from Marcus & Millichap, along with Jessica Arroyo from Keller Williams.
Players
Los Angeles 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93