Kyle And Jason Cullen Acquire West Hollywood Multifamily For $1.995M
1142 Poinsettia Drive, West Hollywood, California 90046, United States
$1,995,000
$603/SF
Building Size
3,304 SF
Asset Type
MultiFamily
Closing
Mar 31, 2022
AI
A multifamily property located at 1142 Poinsettia Dr. in West Hollywood has been sold for $1,995,000. The property consists of 2 units, with a price per unit (PPU) of $997,500. It spans across 3,304 square feet, resulting in a price per square foot (PPSF) of $603.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,995,000
- Units: 2
- Price per Unit (PPU): $997,500
- Square Footage: 3,304
- Price per Square Foot (PPSF): $603
- Date: 04/01/2022
- Market: West Hollywood
The buyer of the property is Kyle Cullen and Jason Cullen. The seller of the property is Michael Shabtai. The deal was facilitated by brokers Zachary Blum and Yamile Pittol from Keller Williams Beverly Hills.
Players
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
7.95%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93