Updated Dec 21, 2023
Gérard Romanet Sells Multifamily Property In West Hollywood For $2.4M
1200 North Curson Avenue, West Hollywood, CA, USA
$2,400,000
$332/SF
Building Size
7,222 SF
Asset Type
MultiFamily
Closing
Dec 2, 2020
About this deal
AI
A multifamily property located at 1200 N. Curson Avenue in West Hollywood was recently sold for $2,400,000. The property spans across 7,222 square feet, resulting in a price per square foot of $332. The Gross Rent Multiplier (GRM) for this transaction is 17 times, and the Capitalization Rate (CAP) is 3.25%. The seller of the property was Gerard Romanet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Square Footage: 7,222
- Price per Square Foot: $332
- Gross Rent Multiplier (GRM): 17x
- Capitalization Rate (CAP): 3.25%
Jordan Asheghian from Instayord and Tony Azzi from The Azzi Group acted as the brokers in this sale.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93