1333 N Las Palmas Multifamily Sells For $3.96M To 1333 Las Palmas Ave With Broker David Leibowitz
SOLD
$3,965,000
California
See Similar DealsMultiFamily10,591 SF
Sold 01/13/2021
SOLD
1333 N Las Palmas Multifamily Sells For $3.96M To 1333 Las Palmas Ave With Broker David Leibowitz
1333 North Las Palmas Avenue, Los Angeles, CA, USA
See Similar DealsMultiFamily10,591 SF
Sold 01/13/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$374
Total Square Footage:10,591 SF
Transaction Type:Sale
The multifamily property located at 1333 N Las Palmas in Hollywood has been successfully sold. The sale, facilitated by broker David Leibowitz, took place on January 13, 2021. The property was purchased by 1333 Las Palmas Ave from The Terrance R Anderson Living Trust.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,965,000
- Address: 1333 N Las Palmas, Hollywood
- Square Footage: 10,591
- Market: Hollywood
The multifamily property consists of 17 units, with a per unit price of $233,235. The total square footage of the property is 10,591, resulting in a price per square foot of $374.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$211,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,086.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,796.12
Annual Debt Service$225,553.47
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