Multifamily Property In Hollywood Sold For $3.65M By Jared Levine And Hirsch Sherman
SOLD
$3,650,000
California
See Similar DealsMultiFamily12,677 SF
Sold
SOLD
Multifamily Property In Hollywood Sold For $3.65M By Jared Levine And Hirsch Sherman
5139 Melrose Avenue, Los Angeles, CA 90038, USA
See Similar DealsMultiFamily12,677 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$287
Total Square Footage:12677 SF
Transaction Type:Sale
A multifamily property located at 5139 Melrose Ave in Hollywood has been sold for $3.65 million. The property spans 12,677 square feet and was sold at a price of $287 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3.65 million
- Address: 5139 Melrose Ave
- Market: Hollywood
The sale of this property was facilitated by Jared Levine and Hirsch Sherman from JML Real Estate Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35
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