Updated Dec 20, 2023
Albert Hairapetian Acquires Multifamily Property In West Hollywood For $3.8M
7731 Romaine Street, West Hollywood, California 90046, United States
$3,785,000
$450/SF
Building Size
8,404 SF
Asset Type
MultiFamily
Closing
Mar 10, 2022
About this deal
AI
A multifamily property located at 7731 Romaine Street in West Hollywood has recently been sold for $3,785,000. The property consists of 10 units with a price per unit of $378,500. The total square footage of the property is 8,404, resulting in a price per square foot of $450.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,785,000
- Units: 10
- Price per Unit: $378,500
- Square Footage: 8,404
- Price per Square Foot: $450
The buyer of the property is Albert Hairapetian, while the seller is Rob Nedjat. The transaction was facilitated by Iman Eshaghyan and Mina Eshaghyan of The Eshaghyan Group acting as the brokers.
Players
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
4.19%
Cash-on-Cash
-1.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93