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547 North Flores Street

Jeff Harris Acquires Multifamily Property In West Hollywood For $2.38M With Buyer's Rep Alex Galuz Of Keller Williams
SOLDMultiFamily

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

Alex Galuz

Keller Williams Realty

Broker

$90.3M

vol

14 deals

Broker
Jeff Harris

Jeff Harris

Gelt Inc.

Buyer

$246.8M

vol

7 deals

Buyer

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