Robert Rush Acquires Hollywood Multifamily Property For $1.8M
SOLD
$1,800,000
California
See Similar DealsMultiFamily5,776 SF
Sold 06/29/2022
SOLD
Robert Rush Acquires Hollywood Multifamily Property For $1.8M
740 North Saint Andrew's Place, Los Angeles, California 90038, United States
See Similar DealsMultiFamily5,776 SF
Sold 06/29/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$311
Total Square Footage:5,776 SF
Transaction Type:Sale
A multi-family property located at 740 N. St. Andrews Pl. in the Hollywood market has been sold for a price of $1,800,000. The property consists of 8 units with a total square footage of 5,776. Each unit was sold at a price of $225,000, and the price per square foot was $312.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 740 N. St. Andrews Pl.
- Market: Hollywood
The buyer of the property is Robert Rush, while the seller is Maria Vara. The deal was facilitated by brokers Sam Liberow from The Liberow Group and David Askari from Marcus & Millichap.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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