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1333 North Las Palmas Avenu...

1333 N Las Palmas Multifamily Sells For $3.96M To 1333 Las Palmas Ave With Broker David Leibowitz
SOLDMultiFamily

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

$3,965,000

$374/SF

Building Size

10,591 SF

Asset Type

MultiFamily

Closing

Jan 12, 2021

AI

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.

Players

David Leibowitz

IREA

Broker

$111.7M

vol

15 deals

Broker

Terrance Anderson

Seller

$13.9M

vol

3 deals

Seller

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

4.00%

Cash-on-Cash

-1.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93