Shawn Moradian Acquires Multifamily Property In Hollywood For $1.1M
SOLD
$1,100,000
California
See Similar DealsMultiFamily2,200 SF
Sold 03/16/2022
SOLD
Shawn Moradian Acquires Multifamily Property In Hollywood For $1.1M
732 North Ridgewood Place, Los Angeles, California 90038, United States
See Similar DealsMultiFamily2,200 SF
Sold 03/16/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$500
Total Square Footage:2,200 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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