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6720 Franklin Place

Bryant Davidson Acquires Multifamily Property In Hollywood From Dianna Stewart For $7.3M
SOLDMultiFamily

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

Kenny Stevens

Compass

Broker

$141.3M

vol

20 deals

Broker

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