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1312 North Citrus Avenue, L...

Joseph M. Simantoub Acquires Multifamily Property On N. Citrus Ave, Hollywood For $2.05M
SOLDMultiFamily

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

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.

Players

Neema Ahadian

Marcus & Millichap

Broker

$733M

vol

79 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage

Joseph M. Simantoub

Buyer

$6.4M

vol

2 deals

Buyer

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