Updated Dec 4, 2024
Jesse Paster Acquires Multifamily Property In Hollywood For $3M
1811 Ivar Avenue
$3,000,000
$348/SF
Building Size
8,618 SF
Asset Type
MultiFamily
Closing
Jun 15, 2024
About this deal
AI
The multifamily property located at 1811 Ivar Avenue in Hollywood was sold for $3,000,000. The property comprises 12 units with a price per unit of $250,000. Spanning 8,618 square feet, the property was sold at a price per square foot of $348.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Units: 12
- Price per Unit: $250,000
- Square Footage: 8,618
- Price per Square Foot: $348
- Address: 1811 Ivar Avenue
- Market: Hollywood
The sale of the property was facilitated by brokers Jakob Friedman and Michael Dixon from NAI Global, along with Kyler Walterson from NAI Capital. The buyer, Jesse Paster, acquired the property from the seller, Suk Park, in this transaction.
On the Map
$3,000,000
$348/SF
MultiFamily
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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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93