Hirsch Sherman & Jared Levine Acquire Multifamily Property In Hollywood For $14.4M
SOLD
California
See Similar DealsMultiFamily34,172 SF
Sold
SOLD
Hirsch Sherman & Jared Levine Acquire Multifamily Property In Hollywood For $14.4M
1324 Poinsettia Avenue, Hollywood, Point Fortin, Trinidad And Tobago
See Similar DealsMultiFamily34,172 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$422
Total Square Footage:34172 SF
Transaction Type:Sale
A multifamily property located at 1324 N Poinsettia Pl in Hollywood was recently sold for a price of $14,425,000. The transaction took place on May 22, 2019. The property spans across 34,172 square feet, with a price per square foot of $422.13. It comprises 51 units, with an average price per unit of $282,843.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,425,000
- Address: 1324 N Poinsettia Pl, Hollywood
- Market: Hollywood
- Square Footage: 34,172
- Price per Square Foot: $422.13
- Number of Units: 51
- Price per Unit: $282,843
The sale was facilitated by Jared Levine and Hirsch Sherman from the JML Real Estate Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$769,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,248.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,381.86
Annual Debt Service$820,582.31
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