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

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SOLD
$2,000,000

California

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MultiFamily6,750 SF
Sold 04/07/2021
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Property Image
SOLD

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

1433 N Detroit St, Central LA, Los Angeles, CA, USA

See Similar Deals
MultiFamily6,750 SF
Sold 04/07/2021
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$296
Total Square Footage:6,750 SF
Transaction Type:Sale

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 (Leo) Laterza
8 deals$54.4M volume(310) 703-7724
BROKER

Neema Ahadian
Marcus & Millichap
79 deals$733M volume(310) 691-9929
BROKER

Details

SOLD
IMAGE: Neema Ahadian & Leo Laterza DATE: 04/07/2021 ADDRESS: 1433 N. Detroit St. MARKET: Hollywood ASSET TYPE: Multifamily BROKERS: Neema Ahadian @TheNeemaGroup & Leo Laterza SALE PRICE: $2,000,000 UNITS: 7 ~ PPU: $285,714

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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