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1212 North Fuller Avenue

Updated Dec 4, 2024

Bilt advertisement
Peyman Kheyri Acquires Multifamily Property In West Hollywood From Jeffrey Solarz For $2.9M
SOLDMultiFamily

Peyman Kheyri Acquires Multifamily Property In West Hollywood From Jeffrey Solarz For $2.9M

1212 North Fuller Avenue

$2,900,000

$331/SF

Building Size

8,746 SF

Asset Type

MultiFamily

Closing

Jan 11, 2024

About this deal

AI

The multifamily property located at 1212 North Fuller Avenue in West Hollywood has been sold for $2,900,000. The transaction took place on 01/11/2024, with the buyer being Peyman Kheyri and the seller being Jeffrey Solarz. The property consists of 10 units, with a price per unit of $290,000. The total square footage of the property is 8,746, resulting in a price per square foot of $332.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,900,000
  • Units: 10
  • Price per Unit: $290,000
  • Square Footage: 8,746
  • Price per Square Foot: $332

The deal was facilitated by the brokers Jeffrey Estrada and Neema Ahadian from Marcus & Millichap. They represented both the buyer, Peyman Kheyri, and the seller, Jeffrey Solarz, in the transaction.

Players

Neema Ahadian

Marcus & Millichap

Broker

$733M

vol

79 deals

Broker

West Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $331 per square foot on a published $2.9M for 8,746 square feet (2024).

Visit Neema Ahadian to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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