Updated Dec 20, 2023
1346 N Stanley Avenue Multifamily Sells For $4,500,000 In West Hollywood
1346 N Stanley Ave, Los Angeles, CA 90046, USA
$4,500,000
$42/SF
Building Size
104,830 SF
Asset Type
MultiFamily
Closing
Jun 15, 2020
About this deal
AI
The multifamily property located at 1346 N Stanley Avenue in West Hollywood has been sold in a recent transaction. The property spans across a total area of 10,483 square feet and consists of 9 residential units. The sale price for the property was $4,500,000, resulting in a price per square foot of $429.27. Each unit was sold for $500,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Square Footage: 10,483
- Price per Square Foot: $429.27
- Number of Units: 9
- Price per Unit: $500,000
The sale of this property was facilitated by Jordan Asheghian and Tony Azzi from The_AzziGroup.
Note: The property was delivered nearly 80% vacant at the time of the transaction.
Players
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93