Robert Rush Acquires Hollywood Multifamily Property For $1.8M
740 North Saint Andrew's Place, Los Angeles, California 90038, United States
$1,800,000
$311/SF
Building Size
5,776 SF
Asset Type
MultiFamily
Closing
Jun 28, 2022
AI
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
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93