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
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
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93