Updated Oct 29, 2024
Lava Properties LLC Acquires 10-Unit Property In West Hollywood For $3.9M
1205 N Hayworth Ave, West Hollywood, CA, USA
$3,925,000
$404/SF
Building Size
9,715 SF
Asset Type
MultiFamily
Closing
Sep 18, 2019
About this deal
AI
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.
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
4.04%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93