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
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