Hakim Holdings Acquires Multifamily Asset In Hollywood For $20.1M
SOLD
$20,100,000
California
See Similar DealsMultiFamily50,116 SF
Sold 07/09/2020
SOLD
Hakim Holdings Acquires Multifamily Asset In Hollywood For $20.1M
6200 Franklin Ave, Central LA, Los Angeles, CA, USA
See Similar DealsMultiFamily50,116 SF
Sold 07/09/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$401
Total Square Footage:50,116 SF
Transaction Type:Sale
Located at 6200 Franklin Ave in Hollywood, this multifamily property was recently sold in a closed transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $20,100,000
- Market: Hollywood
The buyer, Hakim Holdings, acquired this property from MWest Holdings. The sellers, Karl Slovin, Matthew Ellis, and Sam Kuiumdjian, were represented by the broker IPA.
This sale included 52 units, with a price per unit of $386,538. The total square footage of the property is 50,116, resulting in a price per square foot of $401.
Players
BUYER
SELLER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,072,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,411.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$95,284.25
Annual Debt Service$1,143,411.05
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