Bryant Davidson Acquires Multifamily Property In Hollywood From Dianna Stewart For $7.3M
6720 Franklin Place
$7,326,000
$249/SF
Building Size
29,398 SF
Asset Type
MultiFamily
Closing
Dec 13, 2022
AI
The multifamily property located at 6720 Franklin Place in Hollywood has been sold in a recent transaction. The sale was completed on 12/13/2022 for a total price of $7,326,000. The property consists of 37 units, with an average price per unit of $198,000. The total square footage of the property is 29,398, resulting in a price per square foot of $249.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,326,000
- Units: 37
- Price per Unit: $198,000
- Square Footage: 29,398
- Price per Square Foot: $249
- Address: 6720 Franklin Place
- Market: Hollywood
The buyer of the property is Bryant Davidson, and the seller is Dianna Stewart. The deal was facilitated by Kenny Stevens from Compass. Kenny Stevens represented one of the parties involved in the transaction.
Players
Hollywood 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93