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Lava Properties LLC Acquires 10-Unit Property In West Hollywood For $3.9M

Property Image
SOLD
$3,925,000

California

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MultiFamily9,715 SF
Sold 09/19/2019
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Property Image
SOLD

Lava Properties LLC Acquires 10-Unit Property In West Hollywood For $3.9M

1205 N Hayworth Ave, West Hollywood, CA, USA

See Similar Deals
MultiFamily9,715 SF
Sold 09/19/2019
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$404
Total Square Footage:9,715 SF
Transaction Type:Sale

Located in West Hollywood, the property at 1205 N Hayworth Ave recently changed hands in a sale transaction. The deal was facilitated by Sam Liberow of Lava Properties LLC. The property spans 9,715 square feet with 10 units, offering ample space for residents. The purchase price for this transaction was $3,925,000, resulting in a price per square foot of $404.14. Each unit was sold at an average price of $392,500.

Summary of transaction details

  • Property Type: Sale
  • Transaction Amount: $3,925,000
  • Square Footage: 9,715
  • Address: 1205 N Hayworth Ave
  • Market: West Hollywood
  • Buyer: Lava Properties LLC
  • Broker: Sam Liberow - Lava Properties LLC
  • Price per Square Foot: $404.14
  • Number of Units: 10
  • Price per Unit: $392,500

This transaction showcases the successful collaboration between Lava Properties LLC and Sam Liberow, who represented the buyer in the deal. The property's convenient location in West Hollywood makes it an attractive investment opportunity.

Players

Sam Liberow
105 deals$762.3M volume
BROKER

BUYER

Details

SOLD
IMAGE: Sam Liberow DATE: 09/19/2019 ADDRESS: 1205 N Hayworth Ave MARKET: West Hollywood BUYER: Lava Properties LLC BROKER: Sam Liberow PRICE: $3,925,000 SF: 9,715 ~ PPSF: $404.14 UNITS: 10 PPU: $392,500

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,944.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,606.50
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