Arman Mahmoodi Acquires Multifamily Property On Romaine St, West Hollywood For $2.95M
7452 Romaine St West Hollywood, CA 90046, USA
$2,952,600
$441/SF
Building Size
6,690 SF
Asset Type
MultiFamily
Closing
Jun 13, 2023
AI
An eight-unit multifamily property located at 7452 Romaine Street in West Hollywood has been sold for a total price of $2,952,600. The property spans 6,690 square feet, providing an average unit size of 836 square feet. The sale price per unit equates to $369,075, while the price per square foot amounts to $441.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,952,600
- Address: 7452 Romaine Street
- Market: West Hollywood
- Units: 8
- Price per Unit: $369,075
- Square Footage: 6,690
- Price per Square Foot: $441
The buyer of the property is Arman Mahmoodi, while the seller is Adam Corleto. Dario Svidler from PartnersCRE represented the buyer in the transaction, and David Regaldo and Zac Freehling from Pacific Partners Real Estate Investments represented the seller.
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
5.37%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93