Updated Dec 21, 2023
Ben Cohan & Alex Cohan Acquire Hollywood Multifamily For $7M
2030 Ivar Avenue, Los Angeles, California 90068, United States
$7,000,000
$479/SF
Building Size
14,592 SF
Asset Type
MultiFamily
Closing
Mar 9, 2022
About this deal
AI
A multifamily property located at 2030 Ivar Ave in Hollywood has been sold for a total of $7,000,000. This property consists of 16 units, with a price per unit of $437,500. The total square footage of the property is 14,592, with a price per square foot of $479.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Units: 16
- Price per Unit: $437,500
- Square Footage: 14,592
- Price per Square Foot: $479
The buyers of this property are Ben Cohan and Alex Cohan. The seller is Daniel Sands. The deal was facilitated by brokers Michael Sterman and Jeff Louks from Marcus & Millichap.
Players
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93