Updated Oct 28, 2024
Peach Investments Acquires 9-Unit Multifamily In West Hollywood Adjacent For $6.1M
1432 North Curson Avenue, Los Angeles, CA, USA
$6,125,000
$492/SF
Building Size
12,444 SF
Asset Type
MultiFamily
Closing
Nov 12, 2021
About this deal
AI
1432 N. Curson, located in the West Hollywood Adjacent area of Los Angeles, has been sold in a multifamily transaction. The property, consisting of 9 units, spans a total area of 12,444 square feet. The sale took place on November 12, 2021, with a final sale price of $6,125,000. This translates to a per unit price of $680,555 and a price per square foot of $492.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,125,000
- Units: 9
- Price per Unit: $680,555
- Total Square Footage: 12,444
- Price per Square Foot: $492
The buyer of the property was Peach Investments, while Joe Braun acted as the seller. The transaction was facilitated by Jordan Asheghian and Tony Azzi from Marcus & Millichap, who represented the respective parties involved in the deal.
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
2.59%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93