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1212 North Fuller Avenue

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

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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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