Matthew Kanner Acquires Hollywood Multifamily At 5420 Harold Way For $5.95M
5420 Harold Way, Central LA, Los Angeles, CA, USA
$5,955,000
$3,523/SF
Building Size
1,690 SF
Asset Type
MultiFamily
Closing
Apr 4, 2021
AI
The multifamily property located at 5420 Harold Way in Hollywood has been sold for a total of $5,955,000. The transaction, which took place on April 5, 2021, was facilitated by broker Matthew Kanner from KW Commercial. The property consists of 11 units, with a price per unit of $541,000. It spans across 1,690 square feet, resulting in a price per square foot of $3,523.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,955,000
- Date: April 5, 2021
- Address: 5420 Harold Way, Hollywood
- Broker: Matthew Kanner - KW Commercial
- Units: 11
- Price per Unit: $541,000
- Square Footage: 1,690
- Price per Square Foot: $3,523
This transaction showcases the successful collaboration between the buyer, seller, and their respective representatives. The purchase of this multifamily property in Hollywood represents a significant investment opportunity in a sought-after market. Matthew Kanner from KW Commercial played a crucial role in facilitating the deal and ensuring a smooth transaction for all parties involved.
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
2.66%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93