Updated Dec 19, 2023
Neema Ahadian's TheNeemaGroup Represents $7.35M Multifamily Sale In East Hollywood
4959 Romaine Street, Los Angeles, CA 90029, USA
$7,350,000
$473/SF
Building Size
15,520 SF
Asset Type
MultiFamily
Closing
Feb 26, 2020
About this deal
AI
The multifamily property located at 4959 Romaine Street in East Hollywood has been sold for a total price of $7,350,000. The transaction took place on 02/27/2020, and the property consists of 20 units. The total square footage of the property is 15,520, resulting in a price per square foot of $473.58. The price per unit is calculated at $367,500. Neema Ahadian from TheNeemaGroup acted as the broker for this deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,350,000
- Address: 4959 Romaine Street
- Market: East Hollywood
- Square Footage: 15,520
- Price Per Square Foot: $473.58
- Number of Units: 20
- Price Per Unit: $367,500
Neema Ahadian, representing TheNeemaGroup, played a crucial role as the broker in this transaction.
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93