Dr. Stanley A. Sirott Acquires Multifamily Property On Palm Ave, West Hollywood For $7.25M
842 Palm Ave, West Hollywood, CA, USA
$7,250,000
$424/SF
Building Size
17,089 SF
Asset Type
MultiFamily
Closing
Feb 17, 2021
AI
The multifamily property located at 842 Palm Ave in West Hollywood has been sold in a recent transaction. The property consists of 22 units spanning across 17,089 square feet. The sale price for this transaction was $7,250,000, resulting in a per unit price of approximately $329,545. The price per square foot for the property is approximately $424.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,250,000
- Address: 842 Palm Ave, West Hollywood
- Market: West Hollywood
The buyer for this transaction is Dr. Stanley A. Sirott, while the seller is The Terrance R. Anderson Living Trust. The deal was facilitated by David Leibowitz, a representative from David Leibowitz agency.
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
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93