THG Multifamily Acquires Hollywood Multifamily Property For $12.85M With Kevin Green, Paul Darrow & Joe Grabiec As Brokers
SOLD
$12,850,000
California
See Similar DealsMultiFamily40,502 SF
Sold 05/20/2020
SOLD
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
See Similar DealsMultiFamily40,502 SF
Sold 05/20/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$317
Total Square Footage:40,502 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$685,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,653.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,915.56
Annual Debt Service$730,986.67
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