Updated Dec 19, 2023
536 N Orlando Avenue Multifamily In West Hollywood Sold For $2.78M At 3.25% Cap Rate
536 North Orlando Avenue, West Hollywood, CA, USA
$2,780,000
$354/SF
Building Size
7,854 SF
Asset Type
MultiFamily
Closing
May 20, 2019
About this deal
AI
The multifamily property located at 536 N Orlando Avenue in West Hollywood has been sold. The property consists of 7,854 square feet and was sold for a price of $2,780,000, resulting in a price per square foot of $353.96. The sale took place on 05/21/2019.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,780,000
- Market: West Hollywood
- Address: 536 N Orlando Avenue
The property was sold for 18.7 times the gross income, resulting in a 3.25% cap rate. One unit was delivered vacant as part of the transaction. The deal was facilitated by brokers Jordan Asheghian and Tony Azzi.
Players
West Hollywood 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
5.71%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93