SOLDMultiFamily
THG Multifamily Acquires Hollywood Multifamily Property For $12.85M With Kevin Green, Paul Darrow & Joe Grabiec As Brokers
1759 Orchid Avenue, Los Angeles, CA 90028
$12,850,000
$317/SF
Building Size
40,502 SF
Asset Type
MultiFamily
Closing
May 20, 2020
AI
1759 Orchid Avenue in Hollywood has been sold for $12,850,000. This multifamily property consists of 48 units, resulting in a price per unit of $267,708.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,850,000
- Units: 48
- Price Per Unit: $267,708
- Date: 05/20/2021
- Market: Hollywood
- Brokers: Kevin Green, Paul Darrow & Joe Grabiec - THG Multifamily
Kevin Green, Paul Darrow, and Joe Grabiec from THG Multifamily represented the parties involved in this 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
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93