Leo Pustilnikov Acquires Multifamily Property In West Hollywood For $4.2M
SOLD
$4,200,000
+ 2
California
See Similar DealsMultiFamily7,907 SF
Sold 11/06/2019
SOLD
Leo Pustilnikov Acquires Multifamily Property In West Hollywood For $4.2M
1127 Horn Avenue, West Hollywood, CA, USA
See Similar DealsMultiFamily7,907 SF
Sold 11/06/2019
+ 2
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$531
Total Square Footage:7,907 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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