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1038 N Crescent Heights Blv...

Michael Sharshad Acquires 5-Unit Multifamily In West Hollywood For $2.15M
SOLDMultiFamily

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

Max Gersht

Marcus & Millichap

Broker

$66M

vol

20 deals

Broker

Monday Justice

Seller

$7.7M

vol

3 deals

Seller

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