Fanny Forman Sells Multifamily Property In West Hollywood For $2.95M With Brokers Sam Liberow, Max Gersht & Michael Monempour
SOLD
$2,950,000
California
See Similar DealsMultiFamily6,916 SF
Sold 12/15/2021
SOLD
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
See Similar DealsMultiFamily6,916 SF
Sold 12/15/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$426
Total Square Footage:6,916 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$157,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06
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