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617 North Sweetzer Avenue, ...

Fanny Forman Sells Multifamily Property In West Hollywood For $2.95M With Brokers Sam Liberow, Max Gersht & Michael Monempour
SOLDMultiFamily

Fanny Forman Sells Multifamily Property In West Hollywood For $2.95M With Brokers Sam Liberow, Max Gersht & Michael Monempour

617 North Sweetzer Avenue, West Hollywood, California 90048, United States

$2,950,000

$426/SF

Building Size

6,916 SF

Asset Type

MultiFamily

Closing

Dec 15, 2021

AI

Located at 617 Sweetzer in West Hollywood, this multifamily property was recently sold in a closed transaction. The property consists of 7 units with a total square footage of 6,916. The sale price for this property was $2,950,000, making the price per unit $421,428 and the price per square foot $426.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,950,000
  • Address: 617 Sweetzer, West Hollywood
  • Number of Units: 7
  • Price per Unit: $421,428
  • Square Footage: 6,916
  • Price per Square Foot: $426

The seller of this property was Fanny Forman. The deal was facilitated by the brokerage team consisting of Sam Liberow, Max Gersht, and Michael Monempour from Kidder Mathews.

Players

Michael Monempour

Lyon Stahl Investment Real Estate

Broker

$375.9M

vol

85 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage

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

5.38%

Cash-on-Cash

-1.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93