Albert Hairapetian Acquires Multifamily Property In West Hollywood For $3.8M
SOLD
$3,785,000
California
See Similar DealsMultiFamily8,404 SF
Sold 03/11/2022
SOLD
Albert Hairapetian Acquires Multifamily Property In West Hollywood For $3.8M
7731 Romaine Street, West Hollywood, California 90046, United States
See Similar DealsMultiFamily8,404 SF
Sold 03/11/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$450
Total Square Footage:8,404 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$201,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,447.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,942.83
Annual Debt Service$215,313.97
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