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
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.
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
13.33%
Cash-on-Cash
-3.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93