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1045 North Edinburgh Avenue

Fay Ghafouri Acquires 10-Unit Multifamily In West Hollywood For $4.15M
SOLDMultiFamily

Fay Ghafouri Acquires 10-Unit Multifamily In West Hollywood For $4.15M

1045 North Edinburgh Avenue

$4,150,000

$482/SF

Building Size

8,605 SF

Asset Type

MultiFamily

Closing

Jul 19, 2022

AI

The multifamily property located at 1045 N. Edinburgh Ave. in West Hollywood has been sold for $4,150,000. The property consists of 10 units, resulting in a per unit price of $415,000. The total square footage of the property is 8,605, with a price per square foot of $482. The sale was completed on 07/19/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,150,000
  • Units: 10
  • Price per Unit: $415,000
  • Square Footage: 8,605
  • Price per Square Foot: $482
  • Date: 07/19/2022
  • Address: 1045 N. Edinburgh Ave.
  • Market: West Hollywood

Fay Ghafouri purchased the property from David Termeforoosh. The transaction was facilitated by brokers Sam Liberow from The Liberow Group, Max Gersht from Marcus & Millichap, and Sara Kheradmandan from CBRE.

Players

Max Gersht

Marcus & Millichap

Broker

$66M

vol

20 deals

Broker

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

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93