Updated Dec 19, 2023
Rebecca Eliav Acquires Multifamily Property In West Hollywood For $1.72M
837 North Formosa Avenue, Los Angeles, California 90046, United States
$1,720,000
$563/SF
Building Size
3,050 SF
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
Located in West Hollywood, the multifamily property at 837 N. Formosa Ave. recently changed hands in a sale transaction. The property spans 3,050 square feet and consists of 6 units. The sale price for this property was recorded at $1,720,000, resulting in a per unit price of approximately $286,666. The price per square foot for this transaction was approximately $563.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,720,000
- Units: 6
- Price per Unit: $286,666
- Square Footage: 3,050
- Price per Square Foot: $563
The buyer of this property was Rebecca Eliav, while the seller was Robert Richman. The deal was facilitated by brokers Sam Liberow from The Liberow Group - Marcus & Millichap and Annabel Rodriguez from Pacific Inter Capital Investment Solutions.
Players
Los Angeles 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
9.22%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93