Andy Goldman & Jan Goldman Acquire Hollywood Multifamily For $5.6M
SOLD
$5,625,000
California
See Similar DealsMultiFamily16,482 SF
Sold 07/23/2020
SOLD
Andy Goldman & Jan Goldman Acquire Hollywood Multifamily For $5.6M
1953 Cheremoya Avenue, Los Angeles, CA, USA
See Similar DealsMultiFamily16,482 SF
Sold 07/23/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$341
Total Square Footage:16,482 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$300,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,984.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,665.37
Annual Debt Service$319,984.44
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