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7611 Lexington Avenue, West...

Alex Sirota Acquires West Hollywood Multifamily For $3.2M With Buyer's Rep T.C. Macker And Seller Dora Holland
SOLDMultiFamily

Alex Sirota Acquires West Hollywood Multifamily For $3.2M With Buyer's Rep T.C. Macker And Seller Dora Holland

7611 Lexington Avenue, West Hollywood, CA 90046

$3,200,000

$462/SF

Building Size

6,918 SF

Asset Type

MultiFamily

Closing

Dec 10, 2021

AI

The multifamily property located at 7611 Lexington Ave. in West Hollywood has been sold. The transaction took place on December 10, 2021. The property consists of 8 units and has a total square footage of 6,918. The sale price for the property was $3,200,000, resulting in a price per unit of $400,000 and a price per square foot of $462.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Address: 7611 Lexington Ave.
  • Market: West Hollywood
  • Units: 8
  • Price per Unit: $400,000
  • Square Footage: 6,918
  • Price per Square Foot: $462

The buyer of the property is Alex Sirota, and the seller is Dora Holland. T.C. Macker, Christian C. Holland, Wood Cook & Jennifer Moscoso from WESTMAC Commercial Brokerage Company represented the buyer in this transaction.

Players

Jennifer Moscoso

WESTMAC Commercial Brokerage Company

Broker

$241.9M

vol

30 deals

Broker

West Hollywood 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93