Jared Levine And Hirsch Sherman Acquire Multifamily Property In East Hollywood For $5.085M
SOLD
$5,085,000
California
See Similar DealsMultiFamily18,645 SF
Sold
SOLD
Jared Levine And Hirsch Sherman Acquire Multifamily Property In East Hollywood For $5.085M
1412 North Kingsley Drive, Los Angeles, CA 90027, USA
See Similar DealsMultiFamily18,645 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$272
Total Square Footage:18645 SF
Transaction Type:Sale
The multifamily property located at 1412 N Kingsley Dr. in East Hollywood has been sold for a price of $5.085M. The property spans a total area of 18,645 square feet, resulting in a price per square foot of $272.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5.085M
- Address: 1412 N Kingsley Dr.
- Market: East Hollywood
- Square Footage: 18,645
- Price per Square Foot: $272
Jared Levine and Hirsch Sherman, representing JML Real Estate Group, facilitated the sale of this East Hollywood multifamily property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,065.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,105.49
Annual Debt Service$289,265.93
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