Jared Levine And Hirsch Sherman Acquire Multifamily Property In East Hollywood For $5.085M
1412 North Kingsley Drive, Los Angeles, CA 90027, USA
$5,085,000
$272/SF
Building Size
18,645 SF
Asset Type
MultiFamily
Closing
Feb 14, 2019
AI
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.
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
3.12%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93