Updated Dec 21, 2023
Marcus & Millichap Sells West Hollywood Multifamily For $9.6M With Jordan Asheghian & Tony Azzi
1267 N Laurel Ave, West Hollywood, CA, USA
$9,600,000
$526/SF
Building Size
18,252 SF
Asset Type
MultiFamily
Closing
Mar 11, 2019
About this deal
AI
A multifamily property located at 1267 N Laurel Ave in West Hollywood has been sold for $9.6 million. The property spans a total of 18,252 square feet, with a price per square foot of $525.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9.6 million
- Address: 1267 N Laurel Ave, West Hollywood
- Market: West Hollywood
- Listing Agents: Jordan Asheghian @instayord and Tony Azzi
- Represented by: Jordan Asheghian - Marcus & Millichap
- Square Footage: 18,252
- Price per Square Foot: $525
Jordan Asheghian and Tony Azzi from Marcus & Millichap were the brokers involved in the transaction.
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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93