Updated Dec 21, 2023
LA Apartment Advisors Acquires Hollywood Multifamily For $4M
1254 N Citrus Ave, Hollywood, Los Angeles, CA, USA
$4,000,000
$656/SF
Building Size
6,098 SF
Asset Type
MultiFamily
Closing
Aug 4, 2019
About this deal
AI
The multifamily property located at 1254-1260 N Citrus Ave in Hollywood has been sold for $4,000,000. The transaction took place on August 5, 2019. The property spans a total of 6,098 square feet, resulting in a price per square foot of $655.95.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 1254-1260 N Citrus Ave, Hollywood
- Square Footage: 6,098
- Price per Square Foot: $655.95
- Date of Transaction: August 5, 2019
The sale was facilitated by the following brokers: Filip Niculete, Glen Scher, Aida Memary, and Sam Liberow from LA Apartment Advisors.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93