Updated Sep 9, 2024
Joseph M. Simantoub Acquires Multifamily Property On N. Citrus Ave, Hollywood For $2.05M
1312 North Citrus Avenue, Los Angeles, California 90028, United States
$2,050,000
$346/SF
Building Size
5,918 SF
Asset Type
MultiFamily
Closing
Feb 8, 2022
About this deal
AI
The multifamily property located at 1312 N. Citrus Ave. in Hollywood has been sold for a price of $2,050,000. The property consists of 8 units with a total square footage of 5,918. The price per unit is $256,250 and the price per square foot is $346. The transaction took place on 02/09/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Address: 1312 N. Citrus Ave., Hollywood
- Units: 8
- Price per Unit: $256,250
- Square Footage: 5,918
- Price per Square Foot: $346
The buyer of the property is Joseph M. Simantoub, while the seller is Carole Keligian. Ariel Sayani and Ardy Ishal from BRC Advisors represented the buyer, and Neema Ahadian from Marcus & Millichap represented the seller in this transaction.
On the Map
$2,050,000
$346/SF
MultiFamily
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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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93