Clement Capital Acquires East Hollywood Multifamily For $5.3M
SOLD
$5,345,000
California
See Similar DealsMultiFamily9,744 SF
Sold 12/17/2020
SOLD
Clement Capital Acquires East Hollywood Multifamily For $5.3M
548 N Westmoreland Ave, Central LA, Los Angeles, CA, USA
See Similar DealsMultiFamily9,744 SF
Sold 12/17/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$548
Total Square Footage:9,744 SF
Transaction Type:Sale
A multifamily property in East Hollywood has been sold for a total of $5,345,000. The property, located at 548 N Westmoreland Ave, 604 N Serrano Ave, and 825 N Hobart Blvd, consists of 19 units. The price per unit comes out to $281,315.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,345,000
- Address: 548 N Westmoreland Ave, 604 N Serrano Ave, 825 N Hobart Blvd
- Market: East Hollywood
- Buyer: Clement Capital - Kip Kolodziejski
- Seller: Pedroza Family Trust
- Broker: Andy Kawatra @Gettinswiggywitit
The buyer in this transaction was Clement Capital, represented by Kip Kolodziejski. The seller was the Pedroza Family Trust. The deal was facilitated by broker Andy Kawatra from Gettinswiggywitit.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$285,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,989.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,338.03
Annual Debt Service$304,056.32
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