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7452 Romaine St West Hollyw...

Arman Mahmoodi Acquires Multifamily Property On Romaine St, West Hollywood For $2.95M
SOLDMultiFamily

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

Dario Svidler

Partners CRE

Broker

$200M

vol

31 deals

Broker

Adam Corleto

Seller

$15.6M

vol

4 deals

Seller

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