Updated Dec 18, 2023
Clyde Isaacson Acquires Multifamily Property In Hollywood For $7.3M
1212 Gower Street, Los Angeles, California 90038, United States
$7,325,000
$376/SF
Building Size
19,470 SF
Asset Type
MultiFamily
Closing
Jun 9, 2022
About this deal
AI
The multifamily property located at 1212 N. Gower St. in Hollywood has been sold for a price of $7,325,000. The transaction, which took place on 06/10/2022, involved a total of 16 units. The price per unit was $457,812, and the property spans across 19,470 square feet with a price per square foot of $376.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,325,000
- Units: 16
- Price per Unit: $457,812
- Square Footage: 19,470
- Price per Square Foot: $376
- Address: 1212 N. Gower St.
- Market: Hollywood
The buyer in this transaction was Clyde Isaacson, while Fred Abrar served as the seller. The deal was facilitated by Michael Sterman and Michael Kamara from Marcus & Millichap who represented both parties.
Players
Los Angeles 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93