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1811 Ivar Avenue

Jesse Paster Acquires Multifamily Property In Hollywood For $3M
SOLDMultiFamily

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

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.

Players

Jakob Friedman

NAI Global

Broker

$45.5M

vol

10 deals

Broker

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