JohnHart Commercial Sells Multifamily Property In Hollywood For $1.325M
1428 N Kenmore Ave, Central LA, Los Angeles, CA, USA
$1,325,000
$436/SF
Building Size
3,034 SF
Asset Type
MultiFamily
Closing
Dec 3, 2021
AI
The multifamily property located at 1428 N. Kenmore Ave. in Hollywood has been sold for a price of $1,325,000. The transaction was facilitated by Karl Markarian from JohnHart Commercial. The property features three units with a total of 3,034 square feet. The price per unit is approximately $441,666, and the price per square foot is $436.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,325,000
- Address: 1428 N. Kenmore Ave.
- Market: Hollywood
- BROKER: Karl Markarian - JohnHart Commercial
- Units: 3
- PPU: $441,666
- SF: 3,034
- PPSF: $436
Karl Markarian from JohnHart Commercial played a key role in representing the parties involved in this transaction. The sale of this multifamily property presents a significant opportunity in the Hollywood market.
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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93