Updated Dec 19, 2023
Zenicki Muramoto Acquires Multifamily Property In West Hollywood For $2.7M
1215 North Orange Grove Avenue, West Hollywood, California 90046, United States
$2,745,000
$434/SF
Building Size
6,322 SF
Asset Type
MultiFamily
Closing
Apr 5, 2022
About this deal
AI
Located in the vibrant market of West Hollywood, the multifamily property at 1215 N. Orange Grove Ave. has recently changed hands in a sale. The transaction, which took place on April 6, 2022, involved the transfer of ownership from seller Mark Tashman to buyer Zenicki Muramoto. The property consists of eight units, providing ample living space for residents. Spanning over 6,322 square feet, the property offers a comfortable and spacious living environment.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $2,745,000
- Units: 8
- Price per Unit: $343,125
- Square Footage: 6,322
- Price per Square Foot: $434
The deal was facilitated by a team of brokers, including Kimiyasu Murayoshi from HJK International Inc., Sam Liberow from The Liberow Group, and Steven Schechter from Marcus & Millichap. Acting as representatives for their respective parties, these professionals played a vital role in ensuring a successful transaction. Their expertise and negotiation skills contributed to the smooth completion of the sale.
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
5.78%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93