Sussex Capital Group Sells Multifamily Property On N. Cahuenga Blvd. In Hollywood For $13.5M
2330 North Cahuenga Boulevard, Los Angeles, California 90068, United States
$13,475,000
$504/SF
Building Size
26,715 SF
Asset Type
MultiFamily
Closing
May 26, 2022
AI
The multifamily property located at 2330 N. Cahuenga Blvd. in Hollywood has been sold for $13,475,000. The sale, facilitated by Hooman Emanuel of Emanuel Real Estate Group from Keller Williams Studio City, involved a total of 30 units, resulting in a price per unit of $449,166. The property spans over 26,715 square feet, with a price per square foot of $504.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,475,000
- Address: 2330 N. Cahuenga Blvd.
- Market: Hollywood
- Seller: Sussex Capital Group
- Broker: Hooman Emanuel - Keller Williams Studio City
- Units: 30
- Price per Unit: $449,166
- Square Footage: 26,715
- Price per Square Foot: $504
Hooman Emanuel, representing Emanuel Real Estate Group from Keller Williams Studio City, played a crucial role in the successful sale of the multifamily property. Sussex Capital Group served as the seller in this transaction.
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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93