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1433 N Detroit St, Central ...

Neema Ahadian & Leo Laterza Broker Multi-Family Sale In Hollywood For $2M
SOLDMultiFamily

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

Leonardo Laterza

Marcus & Millichap

Broker

$54.4M

vol

8 deals

Broker

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