Updated Dec 19, 2023
Jordan Asheghian And Tony Azzi Acquire Multifamily Property On N. Sweetzer Avenue For $6.175M
1264 North Sweetzer Avenue, West Hollywood, CA, USA
$6,175,000
$387/SF
Building Size
15,921 SF
Asset Type
MultiFamily
Closing
Mar 29, 2021
About this deal
AI
Located in West Hollywood, the multifamily property at 1264 N. Sweetzer Avenue was recently sold in a closed transaction on March 30, 2021. The sale was facilitated by brokers Jordan Asheghian from Instayord and Tony Azzi from The Azzigroup.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $6,175,000
- Units: 15
- Price per Unit: $411,000
- Square Footage: 15,921
- Price per Square Foot: $387
- Gross Rent Multiplier (GRM): 17.25x
- Capitalization Rate (CAP): 3.41%
The property consists of 15 units, with a price per unit of $411,000. It spans across 15,921 square feet, with a price per square foot of $387. The property has a Gross Rent Multiplier (GRM) of 17.25x and a Capitalization Rate (CAP) of 3.41%.
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
2.57%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93