Bobby Brooks Acquires West Hollywood Multifamily For $3.5M
7949 Romaine Street, West Hollywood, CA 90046
$3,500,000
$364/SF
Building Size
9,592 SF
Asset Type
MultiFamily
Closing
Jan 7, 2022
AI
A multifamily property located at 7949 Romaine Street in West Hollywood has been sold for a price of $3,500,000. The property consists of 12 units with a price per unit of $291,666. The total square footage of the property is 9,592, resulting in a price per square foot of $364.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 7949 Romaine Street, West Hollywood
- Market: West Hollywood
- Units: 12
- Price per Unit: $291,666
- Square Footage: 9,592
- Price per Square Foot: $364
- Buyer: Bobby Brooks
- Seller: Jerrod Hamrick
- Brokers: Kenny Stevens - Compass & Michael Monempour - Kidder Matthews
- Date: 01/07/2022
Kenny Stevens from Compass and Michael Monempour from Kidder Matthews represented the buyer and seller, respectively, in this 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93