Benjamin Illulian Acquires Multifamily Property In West Hollywood For $4.61M
SOLD
$4,610,000
California
See Similar DealsMultiFamily805 SF
Sold 05/01/2019
SOLD
Benjamin Illulian Acquires Multifamily Property In West Hollywood For $4.61M
1230 Horn Ave, West Hollywood, CA, USA
See Similar DealsMultiFamily805 SF
Sold 05/01/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$5,726
Total Square Footage:805 SF
Transaction Type:Sale
The multifamily property located at 1230 Horn Ave in West Hollywood was sold on May 1, 2019. The transaction was brokered by Benjamin Illulian from Illulian Realty. The property was sold for a total price of $4.61M.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4.61M
- Address: 1230 Horn Ave
- Market: West Hollywood
- Broker: Benjamin Illulian - Illulian Realty
This sale, facilitated by Benjamin Illulian, marks the successful transfer of ownership of the multifamily property at 1230 Horn Ave in West Hollywood.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,378.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,853.75
Annual Debt Service$262,245.02
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