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

Property Image
SOLD
$3,200,000
Mark Reynolds
Eric Mandell
+ 1

California

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MultiFamily4,176 SF
Sold 08/23/2022
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Property Image
SOLD

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

8214 Norton Avenue

See Similar Deals
MultiFamily4,176 SF
Sold 08/23/2022
Mark Reynolds
Eric Mandell
+ 1
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$766
Total Square Footage:4,176 SF
Transaction Type:Sale

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
31 deals$212.5M volume(424) 317-0308
BROKER

Mark Reynolds
Ally Commercial Real Estate
4 deals$38.2M volume(214) 938-9875
BROKER

Gabe Wilson
Ally Commercial Real Estate
3 deals$7.1M volume
BROKER

Arash Danialifar
10 deals$114.4M volume
BUYER

Details

SOLD
IMAGE: Eric Mandell, Mark Reynolds & Gabe Wilson DATE: 08/23/2022 ADDRESS: 8214 Norton Ave MARKET: West Hollywood ASSET TYPE: Multifamily BUYER: Arash Danialifar SELLER: Cheri Woods BROKERS: Eric Mandell (@EdMandell), Mark Reynolds (@MarkReynolds_comre) & Gabe Wilson (@GabeWilson_CRE) - Ally Commercial Real Estate SALE PRICE: $3,200,000 UNITS: 5 ~ PPU: $640,000 SF: 4,176 ~ PPSF: $766

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$170,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59