Updated Dec 21, 2023
Neema Ahadian & Leo Laterza Broker Multi-Family Sale In Hollywood For $2M
1433 N Detroit St, Central LA, Los Angeles, CA, USA
$2,000,000
$296/SF
Building Size
6,750 SF
Asset Type
MultiFamily
Closing
Apr 6, 2021
About this deal
AI
Located at 1433 N. Detroit St. in Hollywood, this multifamily property was recently sold in a closed transaction. The sale was facilitated by Neema Ahadian and Leo Laterza, representing their agency, The Neema Group. The property consists of 7 units, with each unit priced at approximately $285,714, resulting in a total sale price of $2,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 1433 N. Detroit St.
- Market: Hollywood
- Brokers: Neema Ahadian - The Neema Group, Leo Laterza - The Neema Group
- Units: 7
- Price Per Unit: $285,714
The transaction took place on April 7, 2021. Neema Ahadian and Leo Laterza, representing The Neema Group, played a significant role in facilitating the sale. This closed deal showcases the successful collaboration between the brokers and the parties involved in the transaction.
On the Map
$2,000,000
$296/SF
MultiFamily
View full map
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Neema Ahadian to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93