facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

1117 North Clark Street

Michael Maltzman Acquires Multifamily Asset From Roger Murphey In West Hollywood For $1.675M
SOLDMultiFamily

Michael Maltzman Acquires Multifamily Asset From Roger Murphey In West Hollywood For $1.675M

1117 North Clark Street

$1,675,000

$468/SF

Building Size

3,573 SF

Asset Type

MultiFamily

Closing

Aug 1, 2024

AI

The property asset involved in this transaction is a multifamily building located at 1117 North Clark Street in West Hollywood. The sale price for the property was $1,675,000, which includes a total of 5 units. The total square footage of the asset is 3,573 with a price per unit of $335,000 and a price per square foot of $468.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,675,000
  • Units: 5
  • Square Footage: 3,573
  • Price Per Unit: $335,000
  • Price Per Square Foot: $468
  • Buyer: Michael Maltzman
  • Seller: Roger Murphey
  • Broker: Steven Kirshbaum - The Agency
  • Transaction Date: 08/01/2024

This transaction highlights the key individuals involved, including the buyer Michael Maltzman and seller Roger Murphey, with Steven Kirshbaum from The Agency representing the broker in the deal.

Players

Steven Kirshbaum

The Agency

Broker

$1.7M

vol

4 deals

Broker

Michael Maltzman

Buyer

$44.6M

vol

9 deals

Buyer

West Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93