Updated Nov 20, 2023
Andy Kawatra Brokers $3.75M Multi-Family Sale In Hollywood At 1756 N Gramercy Pl
1756 North Gramercy Place, Central LA, Los Angeles, CA, USA
$3,750,000
$302/SF
Building Size
12,414 SF
Asset Type
MultiFamily
Closing
Nov 19, 2018
About this deal
AI
A multi-family property located at 1756 N Gramercy Pl in Hollywood has been sold for $3,750,000. The property, comprising 18 units, spans a total of 12,414 square feet. With a price per square foot of $302, the transaction was closed on November 20, 2018. The property's price per door (PPD) is $208,333, and it has a capitalization rate (CAP) of 2.23% and gross rent multiplier (GRM) of 19.37. The sale was facilitated by broker Andy Kawatra.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $3,750,000
- Address: 1756 N Gramercy Pl
- Market: Hollywood
Andy Kawatra, from an undisclosed agency, represented the parties involved in this sale transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93