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1316 Havenhurst Drive

Jared Battat & Hamid Soroudi Of Keller Williams Sell Multifamily Asset In West Hollywood For $6.5M
SOLDMultiFamily

Jared Battat & Hamid Soroudi Of Keller Williams Sell Multifamily Asset In West Hollywood For $6.5M

1316 Havenhurst Drive

$6,500,000

$374/SF

Building Size

17,374 SF

Asset Type

MultiFamily

Closing

Aug 20, 2024

AI

The transaction involves a multifamily property located at 1316 Havenhurst Drive in West Hollywood, which consists of 28 units spread across a total area of 17,374 square feet. The property was sold for a price of $6,500,000, resulting in a price per unit of $232,142 and a price per square foot of $374.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,500,000
  • Units: 28
  • Square Footage: 17,374
  • Price Per Unit: $232,142
  • Price Per Square Foot: $374
  • Date of Transaction: 08/20/2024
  • Address: 1316 Havenhurst Drive, West Hollywood
  • Brokers: Jared Battat & Hamid Soroudi - Keller Williams

The deal was facilitated by brokers Jared Battat and Hamid Soroudi, representing the involved parties through Keller Williams, showcasing their expertise in the West Hollywood market during this transaction.

Players

Hamid Soroudi

Broker

$74M

vol

7 deals

Broker

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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93