facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

1142 Poinsettia Drive, West...

Kyle And Jason Cullen Acquire West Hollywood Multifamily For $1.995M
SOLDMultiFamily

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

Zachary Blum

Keller Williams Realty

Broker

$7.7M

vol

3 deals

Broker

West Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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