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
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