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7621 Hampton Avenue, West H...

Updated Dec 20, 2023

7621 Hampton Ave Multifamily Sold In West Hollywood For $2.05M
SOLDMultiFamily

7621 Hampton Ave Multifamily Sold In West Hollywood For $2.05M

7621 Hampton Avenue, West Hollywood, CA 90046, USA

$2,050,000

$322/SF

Building Size

6,356 SF

Asset Type

MultiFamily

Closing

Feb 5, 2019

About this deal

AI

A multifamily property located at 7621 Hampton Ave in West Hollywood has recently been sold. The property, which spans 6,356 square feet, was sold for a price of $2,050,000. This equates to a price per square foot of $322.53.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,050,000
  • Address: 7621 Hampton Ave
  • Market: West Hollywood

Jordan Asheghian and Tony Azzi were the brokers responsible for facilitating this deal. This marks the first time the property has been on the market in over 30 years. The property was sold at a cap rate of 3.01% and represents 18.61 times the gross income.

Players

Jordan Asheghian

Lyon Stahl Investment Real Estate

Broker

$266.2M

vol

60 deals

Broker

West Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $322 per square foot on a published $2.1M for 6,356 square feet (2019).

Visit Tony Azzi to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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