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8214 Norton Avenue

Arash Danialifar Acquires 5-Unit Multifamily In West Hollywood For $3.2M
SOLDMultiFamily

Arash Danialifar Acquires 5-Unit Multifamily In West Hollywood For $3.2M

8214 Norton Avenue

$3,200,000

$766/SF

Building Size

4,176 SF

Asset Type

MultiFamily

Closing

Aug 23, 2022

AI

A multifamily property located at 8214 Norton Ave in West Hollywood has been sold for $3,200,000. The property consists of 5 units with an average price per unit of $640,000. It spans over 4,176 square feet, resulting in a price per square foot of $766.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Units: 5
  • Price per Unit: $640,000
  • Square Footage: 4,176
  • Price per Square Foot: $766
  • Address: 8214 Norton Ave, West Hollywood

The buyer in this transaction is Arash Danialifar, while Cheri Woods is the seller. The deal was facilitated by Eric Mandell, Mark Reynolds, and Gabe Wilson from Ally Commercial Real Estate.

Players

Eric Mandell

Ally Commercial Real Estate

Broker

$212.5M

vol

31 deals

Broker
Arash Danialifar

Arash Danialifar

GD Realty Group

Buyer

$114.4M

vol

10 deals

Buyer

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93