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537 North Kings Road

Justin Stein Acquires 6-Unit Multifamily In West Hollywood For $2.05M
SOLDMultiFamily

Justin Stein Acquires 6-Unit Multifamily In West Hollywood For $2.05M

537 North Kings Road

$2,050,000

$262/SF

Building Size

7,797 SF

Asset Type

MultiFamily

Closing

Nov 7, 2023

AI

537 North Kings Road, located in West Hollywood, has been sold in a recent transaction. The multifamily property, consisting of 6 units, was purchased by Justin Stein for a total sale price of $2,050,000. This translates to a price per unit of $341,667. Spanning across 7,797 square feet, the property commanded a price per square foot of $263.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,050,000
  • Address: 537 North Kings Road, West Hollywood
  • Buyer: Justin Stein
  • Seller: Abraham Perlmuter
  • Buyer's Representative: Ariel Sayani - Keller Williams
  • Units: 6
  • Price Per Unit: $341,667
  • Square Footage: 7,797
  • Price Per Square Foot: $263

Ariel Sayani, representing Justin Stein in the transaction, was the buyer's representative from Keller Williams. The sale of this multifamily property marks a significant investment in West Hollywood's real estate market.

Players

Ariel Sayani

Partners CRE

Broker

$69.5M

vol

25 deals

Broker

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

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93