Updated Sep 9, 2024
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.
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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