Andy Goldman & Jan Goldman Acquire Hollywood Multifamily For $5.6M
1953 Cheremoya Avenue, Los Angeles, CA, USA
$5,625,000
$341/SF
Building Size
16,482 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
AI
The multifamily property located at 1953-1959 Cheremoya Avenue in Hollywood was recently sold. The transaction took place on July 23, 2021. The property consists of 16 units with a total square footage of 16,482. The sale price for this property was $5,625,000, which equates to a price per unit of $351,562. The price per square foot is $341. The cap rate for this transaction is 3.77%. The property was listed with an asking price of $5,985,000.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $5,625,000
- Address: 1953-1959 Cheremoya Avenue, Hollywood
- Market: Hollywood
The buyer of this multifamily property was Andy Goldman & Jan Goldman. They were represented by Michael Tootikian. The seller of the property was Krause Slamet & Morell Danjelic - Charitable Remainder Trust. Karl Duistermars represented the seller in this transaction.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.82%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93