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

Property Image
SOLD
$1,675,000

California

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MultiFamily3,573 SF
Sold 08/01/2024
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Property Image
SOLD

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

1117 North Clark Street

See Similar Deals
MultiFamily3,573 SF
Sold 08/01/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$468
Total Square Footage:3,573 SF
Transaction Type:Sale

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
4 deals$1.7M volume(213) 422-9412
BROKER

Details

SOLD
IMAGE: Steven Kirshbaum & Michael Maltzman DATE: 08/01/2024 ADDRESS: 1117 North Clark Street MARKET: West Hollywood ASSET TYPE: Multifamily BUYER: Michael Maltzman (@MMaltzman) SELLER: Roger Murphey BROKER: Steven Kirshbaum (@StevenKirshbaum13) - The Agency (@TheAgencyRE) SALE PRICE: $1,675,000 UNITS: 5 ~ PPU: $335,000 SF: 3,573 ~ PPSF: $468

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$89,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,950.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,940.35
Annual Debt Service$95,284.25