Peyman Kheyri Acquires Multifamily Property In West Hollywood From Jeffrey Solarz For $2.9M
SOLD
$2,900,000
California
See Similar DealsMultiFamily8,746 SF
Sold 01/11/2024
SOLD
Peyman Kheyri Acquires Multifamily Property In West Hollywood From Jeffrey Solarz For $2.9M
1212 North Fuller Avenue
See Similar DealsMultiFamily8,746 SF
Sold 01/11/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$331
Total Square Footage:8,746 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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