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6416 West 6th Street

Edward Hong Acquires Beverly Grove Duplex From Farideh Hakimi & Juliet Shoham For $2,250,000
SOLDMultiFamily

Edward Hong Acquires Beverly Grove Duplex From Farideh Hakimi & Juliet Shoham For $2,250,000

6416 West 6th Street

$2,250,000

$581/SF

Building Size

3,867 SF

Asset Type

MultiFamily

Closing

Jun 13, 2024

AI

In Los Angeles, a spacious duplex located at 6416 West 6th Street was sold for $2,250,000. The property features two units, each with 3 bedrooms and 2 bathrooms, high ceilings, separate 2-car garages, inside laundry, and a total square footage of 3,867. The top unit will be delivered vacant, offering potential for owner-occupancy and rental income from the lower unit in the desirable Beverly Grove area.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Units: 2
  • Price Per Unit: $1,125,000
  • Square Footage: 3,867
  • Price Per Square Foot: $582
  • Address: 6416 West 6th Street, Los Angeles
  • Market: Los Angeles

Edward Hong from Compass represented the buyer, while Farideh Hakimi and Juliet Shoham from Power Brokers represented the seller in the transaction for the duplex property.

Players

Juliet Shoham

Nelson Shelton Real Estate

Broker

$7.9M

vol

2 deals

Broker

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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93