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7731 Romaine Street, West H...

Albert Hairapetian Acquires Multifamily Property In West Hollywood For $3.8M
SOLDMultiFamily

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

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

Mina Eshaghyan
Verified Badge

Mina Eshaghyan

Coldwell Banker

Broker

$52.5M

vol

8 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

4.19%

Cash-on-Cash

-1.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93