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1127 Horn Avenue, West Holl...

Leo Pustilnikov Acquires Multifamily Property In West Hollywood For $4.2M
SOLDMultiFamily

Leo Pustilnikov Acquires Multifamily Property In West Hollywood For $4.2M

1127 Horn Avenue, West Hollywood, CA, USA

$4,200,000

$531/SF

Building Size

7,907 SF

Asset Type

MultiFamily

Closing

Nov 5, 2019

AI

The multifamily property located at 1127 Horn Avenue in West Hollywood has been sold for a price of $4,200,000. The transaction took place on November 6, 2019. The property is a part of the West Hollywood market and is an asset type of multifamily.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $4,200,000
  • Address: 1127 Horn Avenue
  • Market: West Hollywood

The buyer of the property is Leo Pustilnikov, while the seller is Monte Overstreet. The deal was facilitated by brokers Dara Aminian, Jeff Benson, and Richard Ringer.

Players

Jeff Benson

NorthMarq

Broker

$381.6M

vol

19 deals

Broker

Leo Pustilnikov

Buyer

$88.4M

vol

4 deals

Buyer

Monte Overstreet

Seller

$6.2M

vol

2 deals

Seller

West Hollywood 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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93