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Demis Dokhanian of JNM Realty Facilitates a 10-Day Close on a 9-Unit Multifamily Property In Beachwood Canyon

Property Image
SOLD
$2,575,000

California

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MultiFamily5,680 SF
Sold 10/09/2024
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Property Image
SOLD

Demis Dokhanian of JNM Realty Facilitates a 10-Day Close on a 9-Unit Multifamily Property In Beachwood Canyon

2401 North Beachwood Drive

See Similar Deals
MultiFamily5,680 SF
Sold 10/09/2024
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$453
Total Square Footage:5,680 SF
Transaction Type:Sale

Players

Demis Dokhanian
JNM Realty
Demis Dokhanian
7 deals$16.5M volume
BROKER

Details

SOLD
IMAGE: Demis Dokhanian DATE: 10/09/2024 ADDRESS: 2401 North Beachwood Drive MARKET: Los Angeles ASSET TYPE: Multifamily SELLER: Gunter Hummel BROKER: Demis Dokhanian (@Demis_D) - JNM Realty (@JNMRealty) SALE PRICE: $2,575,000 UNITS: 9 ~ PPU: $286,111 SF: 5,680 ~ PPSF: $453 NOTE FROM BROKER: JNM represented both the buyer and seller in the transaction, facilitating a smooth and favorable transaction for both parties. We produced 6 initial offers and a best and final round resulting in a non-contingent offer and 10-day closing. JNM has represented 2 of the last 5 sales in a 1.2 mile radius of the property in 2024. The buyer was drawn to the transaction due to its favorable financing, impeccable building condition, rare location, and high in-place rents offsetting the potential management and value implications of Prop 33.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$137,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,148.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,206.81
Annual Debt Service$146,481.76