Dominic Waechter Acquires Hollywood Multifamily For $3.5M
6611 Leland Way
$3,535,000
$553/SF
Building Size
6,384 SF
Asset Type
MultiFamily
Closing
Sep 7, 2021
AI
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.
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
4.49%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93