Dominic Waechter Acquires Hollywood Multifamily For $3.5M
SOLD
$3,535,000
California
See Similar DealsMultiFamily6,384 SF
Sold 09/07/2021
SOLD
Dominic Waechter Acquires Hollywood Multifamily For $3.5M
6611 Leland Way
See Similar DealsMultiFamily6,384 SF
Sold 09/07/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$553
Total Square Footage:6,384 SF
Transaction Type:Sale
A multifamily property located at 6611 Leland Way in Hollywood was recently sold for a total price of $3,535,000. The property consists of 4 units with an average price per unit of $883,750. The total square footage of the property is 6,384, resulting in a price per square foot of $553.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,535,000
- Units: 4
- Average Price per Unit: $883,750
- Square Footage: 6,384
- Price per Square Foot: $553
The buyer in this transaction is Dominic Waechter and the seller is Monday Justice. The deal was facilitated by brokers Sam Liberow and Max Gersht.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$188,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,559.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,757.70
Annual Debt Service$201,092.44
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