Updated Oct 29, 2024
Universe Holdings Acquires Hollywood Multifamily For $6.9M
2000 North Highland Avenue, Los Angeles, CA, USA
$6,900,000
$464/SF
Building Size
14,870 SF
Asset Type
MultiFamily
Closing
Jan 18, 2021
About this deal
AI
Located in the heart of Hollywood, the multifamily property at 2000 N. Highland Blvd has been sold. The transaction took place on January 19, 2021, and the property was acquired by Universe Holdings, represented by Henry Manoucheri. The property consists of 18 units and was sold for a total of $6,900,000. This equates to a per unit price of $380,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Address: 2000 N. Highland Blvd
- Market: Hollywood
Universe Holdings, with Henry Manoucheri as their representative, successfully completed the acquisition. This deal showcases the continued investment activity in the Hollywood market and the confidence in the multifamily asset class. The transaction highlights the expertise and negotiation skills of Henry Manoucheri, representing Universe Holdings in the purchase of this property.
On the Map
$6,900,000
$464/SF
MultiFamily
View full map
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Henry Manoucheri to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93