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732 North Ridgewood Place, ...

Shawn Moradian Acquires Multifamily Property In Hollywood For $1.1M
SOLDMultiFamily

Shawn Moradian Acquires Multifamily Property In Hollywood For $1.1M

732 North Ridgewood Place, Los Angeles, California 90038, United States

$1,100,000

$500/SF

Building Size

2,200 SF

Asset Type

MultiFamily

Closing

Mar 15, 2022

AI

This multifamily property located at 732 N. Ridgewood Pl. in Hollywood was recently sold for $1,100,000. The transaction took place on March 16, 2022. The property consists of 5 units, with a price per unit of $220,000. It offers a total square footage of 2,200 at a price per square foot of $500.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Units: 5
  • Price per Unit: $220,000
  • Square Footage: 2,200
  • Price per Square Foot: $500

The buyer in this transaction is Shawn Moradian, while the seller is Hovhannes Geysimonyan. The brokers involved in the deal are Ariel Sayani and Ardy Ishal from BRC Advisors.

Players

Ariel Sayani

Partners CRE

Broker

$69.5M

vol

25 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage

Hovhannes Geysimonyan

Seller

$3.2M

vol

2 deals

Seller

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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93