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
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