Arash Danialifar Acquires 5-Unit Multifamily In West Hollywood For $3.2M
SOLD
California
See Similar DealsMultiFamily4,176 SF
Sold 08/23/2022
SOLD
Arash Danialifar Acquires 5-Unit Multifamily In West Hollywood For $3.2M
8214 Norton Avenue
See Similar DealsMultiFamily4,176 SF
Sold 08/23/2022
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.
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Deal Type
30 years
10 years
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
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