Updated Sep 9, 2024
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
$3,650,000
$287/SF
MultiFamily
View full map
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jared Levine to view all their deals.
Browse California multifamily sales on Traded.
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