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
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