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5139 Melrose Avenue, Los An...

Updated Sep 9, 2024

Multifamily Property In Hollywood Sold For $3.65M By Jared Levine And Hirsch Sherman
SOLDMultiFamily

Multifamily Property In Hollywood Sold For $3.65M By Jared Levine And Hirsch Sherman

5139 Melrose Avenue, Los Angeles, CA 90038, USA

$3,650,000

$287/SF

Building Size

12,677 SF

Asset Type

MultiFamily

Closing

Feb 14, 2019

About this deal

AI

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.

The multifamily sale at 5139 Melrose Avenue, Los Angeles, CA 90038, USA in Los Angeles, California sold for $3.7M in 2019. The building is 12,677 square feet, implying about 287 per square foot on the published price. Jared Levine, Hirsch Sherman, Keller Williams Realty appear on the sale alongside Keller Williams Realty. This page is the Los Angeles, California file for the 5139 Melrose Avenue, Los Angeles, CA 90038, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 5139 Melrose Avenue, Los Angeles, CA 90038, USA around 2019. Published consideration for 5139 Melrose Avenue, Los Angeles, CA 90038, USA is $3.7M, dated 2019. Cite this Multifamily Property In Hollywood Sold For $3.65M By Jared Levine And Hirsch Sherman sale when underwriting similar multifamily product around Los Angeles, California.

On the Map

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$3,650,000

$287/SF

MultiFamily

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Players

Jared Levine

Broker

$100.5M

vol

22 deals

Broker
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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $287 per square foot on a published $3.7M for 12,677 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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