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
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.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93