Updated Oct 28, 2024
A.J. Khair Development & Construction Acquires Multifamily Property On Wilcox Ave. In Hollywood Heights For $5.3M
1931 Wilcox Avenue, Los Angeles, CA, USA
$5,300,000
$346/SF
Building Size
15,313 SF
Asset Type
MultiFamily
Closing
Oct 28, 2021
About this deal
AI
Located at 1931 Wilcox Ave in Hollywood Heights, this multifamily property was recently sold in a closed transaction. The property spans 15,313 square feet and consists of 21 units. The sale price for this property was $5,300,000, resulting in a price per unit of $252,380 and a price per square foot of $346.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,300,000
- Address: 1931 Wilcox Ave
- Market: Hollywood Heights
A.J. Khair Development & Construction acquired the property from Richard Agron in this transaction. The deal was facilitated by broker Jason Tuvia. No additional information about the parties involved was provided.
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93