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
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