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Lou Silver Acquires Multifamily Property In East Hollywood For $2.52M

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SOLD
$2,520,000

California

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MultiFamily6,579 SF
Sold 06/10/2022
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Property Image
SOLD

Lou Silver Acquires Multifamily Property In East Hollywood For $2.52M

831 North Normandie Avenue, Los Angeles, California 90029, United States

See Similar Deals
MultiFamily6,579 SF
Sold 06/10/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$383
Total Square Footage:6,579 SF
Transaction Type:Sale

Located at 831 N. Normandie Ave. in East Hollywood, this multifamily property recently changed hands in a sale transaction. The property features a total of 9 units, with a price per unit (PPU) of $280,000. The total square footage of the property is 6,579, resulting in a price per square foot (PPSF) of $383. The sale took place on June 10, 2022, with a sale price of $2,520,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,520,000
  • Units: 9
  • Price per Unit (PPU): $280,000
  • Square Footage: 6,579
  • Price per Square Foot (PPSF): $383
  • Market: East Hollywood

In this transaction, Lou Silver acted as the buyer, while Rob Henry was the seller. The brokers involved in the deal were Ariel Sayani and Ardy Ishal, representing BRC Advisors.

Players

Ariel Sayani
25 deals$69.5M volume(310) 968-7711
BROKER

Ardy Ishal
BRC Advisors
11 deals$43.3M volume
BROKER

Kidder Mathews
BROKERAGE

Details

SOLD
IMAGE: Ariel Sayani & Ardy Ishal DATE: 06/10/2022 ADDRESS: 831 N. Normandie Ave. MARKET: East Hollywood ASSET TYPE: Multifamily BUYER: Lou Silver SELLER: Rob Henry BROKERS: Ariel Sayani (@ArielSayani) & Ardy Ishal (@ArdyIshal) - BRC Advisors SALE PRICE: $2,520,000 UNITS: 9 ~ PPU: $280,000 SF: 6,579 ~ PPSF: $383

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,953.03
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