Danny Abrams Acquires Multifamily Property In West Hollywood For $2.05M
7661 Fountain Avenue, Los Angeles, CA 90046
$2,050,000
$426/SF
Building Size
4,804 SF
Asset Type
MultiFamily
Closing
Dec 28, 2021
AI
Located in West Hollywood, the multifamily property at 7661 Fountain Ave was recently sold. The transaction took place on December 28, 2021, with a sale price of $2,050,000. The property consists of 6 units, with a price per unit (PPU) of $341,666. The total square footage is 4,804, resulting in a price per square foot (PPSF) of $426.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Units: 6
- Price per Unit (PPU): $341,666
- Square Footage: 4,804
- Price per Square Foot (PPSF): $426
The buyer of the property was Danny Abrams, while the seller was Monday Justice. The deal was facilitated by brokers Sam Liberow from [AGENCY] and Max Gersht. Their expertise and negotiation skills played a crucial role in finalizing the transaction.
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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93