Updated Dec 4, 2024
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
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