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5150 Romaine St, Central LA...

Updated Sep 9, 2024

Rod Watson Represents Sale Of Multifamily Property On Romaine St., Hollywood For $1.19M
SOLDMultiFamily

Rod Watson Represents Sale Of Multifamily Property On Romaine St., Hollywood For $1.19M

5150 Romaine St, Central LA, Los Angeles, CA, USA

$1,189,900

$464/SF

Building Size

2,560 SF

Asset Type

MultiFamily

Closing

Apr 19, 2021

About this deal

AI

A multifamily property located at 5150 Romaine St. in the Hollywood market has been sold. The transaction took place on 04/20/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Asking Price: $1,199,900
  • Sale Price: $1,189,900
  • Square Footage: 2,560
  • Price per Square Foot: $464

The property was sold for a sale price of $1,189,900. The multifamily asset spans across 2,560 square feet, resulting in a price per square foot of $464. The transaction was handled by broker Rod Watson.

The multifamily sale at 5150 Romaine St, Central LA, Los Angeles, CA, USA in Los Angeles, California sold for $1.2M in 2021. The building is 2,560 square feet, implying about 464 per square foot on the published price. Rod Watson, Distinct Concierge Real Estate appear on the sale alongside Distinct Concierge Real Estate. This page is the Los Angeles, California file for the 5150 Romaine St, Central LA, Los Angeles, CA, 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 5150 Romaine St, Central LA, Los Angeles, CA, USA around 2021. Published consideration for 5150 Romaine St, Central LA, Los Angeles, CA, USA is $1.2M, dated 2021. Cite this Rod Watson Represents Sale Of Multifamily Property On Romaine St., Hollywood For $1.19M sale when underwriting similar multifamily product around Los Angeles, California.

Players

Rod Watson

Distinct Concierge Real Estate

Broker

$26.8M

vol

4 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $464 per square foot on a published $1.2M for 2,560 square feet (2021).

Visit Rod Watson to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.33%

Cash-on-Cash

-3.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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