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1215 North Orange Grove Ave...

Updated Dec 19, 2023

Zenicki Muramoto Acquires Multifamily Property In West Hollywood For $2.7M
SOLDMultiFamily

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

Sam Liberow

Marcus & Millichap

Broker

$775.3M

vol

108 deals

Broker

Zenicki Muramoto

Buyer

$4.9M

vol

2 deals

Buyer

Mark Tashman

Seller

$4.9M

vol

2 deals

Seller

West Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $434 per square foot on a published $2.7M for 6,322 square feet (2022).

Visit Steven Schechter to view all their deals.

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

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