Benjamin Illulian Acquires West Hollywood Multifamily For $1.75M
SOLD
California
See Similar DealsMultiFamily2,190 SF
Sold 05/07/2019
SOLD
Benjamin Illulian Acquires West Hollywood Multifamily For $1.75M
823 Westbourne Drive, West Hollywood, CA, USA
See Similar DealsMultiFamily2,190 SF
Sold 05/07/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$799
Total Square Footage:2,190 SF
Transaction Type:Sale
A multifamily property located at 823 Westbourne Dr in the West Hollywood market has been sold for $1,750,000. The property spans 2,190 square feet, resulting in a price per square foot of $799.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Address: 823 Westbourne Dr
- Market: West Hollywood
The sale was facilitated by Benjamin Illulian, Lucas Junkin, and Anthony Vulin of Illulian Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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