Jeff Harris Acquires Multifamily Property In West Hollywood For $2.38M With Buyer's Rep Alex Galuz Of Keller Williams
547 North Flores Street
$2,380,000
$382/SF
Building Size
6,216 SF
Asset Type
MultiFamily
Closing
Dec 20, 2023
AI
The multifamily property located at 547 North Flores Street in West Hollywood has been sold in a recent transaction. The property consists of 6 units and spans a total area of 6,216 square feet. The property was listed with an asking price of $2,400,000. However, it was sold for a slightly lower amount of $2,380,000. This translates to a per unit price of approximately $396,667 and a price per square foot of $383. The sale of this multifamily property represents a significant transaction in the West Hollywood market.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $2,380,000
- Units: 6
- Price per Unit (PPU): $396,667
- Square Footage: 6,216
- Price per Square Foot (PPSF): $383
The buyer of the property is Jeff Harris, while the seller is Susan Heller. Representing the buyer in the transaction is Alex Galuz from Keller Williams. This deal highlights the involvement of various key individuals and companies in the real estate market. The sale of this multifamily property in West Hollywood showcases the opportunities and activity present in the 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
6.67%
Cash-on-Cash
-1.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93