William Leader Acquires Hollywood Multifamily From Malkin Family Trust For $2.85M
5705 Carlton Way, Central LA, Los Angeles, CA, USA
$2,850,000
$331/SF
Building Size
8,590 SF
Asset Type
MultiFamily
Closing
Jun 13, 2019
AI
The multifamily property located at 5705 Carlton Way in Hollywood has been sold for a price of $2,850,000. The transaction took place on June 14, 2019, and the property spans an area of 8,590 square feet. With a price per square foot of $331.78, this sale represents a significant investment in the Hollywood market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Address: 5705 Carlton Way
- Market: Hollywood
The buyer of the property is William Leader, and the seller is the Malkin Family Trust. The deal was facilitated by brokers Jason Tuvia and Josh Yeager. Their expertise and negotiation skills played a crucial role in ensuring the successful conclusion of this transaction.
Players
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93