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
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.
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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93