Updated Sep 9, 2024
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
About this deal
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
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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