Updated Dec 20, 2023
Naveed Natanzi Acquires Multifamily Property In West Hollywood For $2.65M
853 North Alta Vista Boulevard, Los Angeles, California 90046, United States
$2,650,000
$736/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Mar 23, 2022
About this deal
AI
Located in West Hollywood, the multifamily property at 853 N. Alta Vista Blvd. has recently been sold in a closed transaction. The sale, which took place on March 24, 2022, was facilitated by brokers Jordan Asheghian and Tony Azzi of Marcus & Millichap. The property consists of 10 units with a total area of 3,600 square feet. The sale price was recorded at $2,650,000, resulting in a price per unit of $265,000 and a price per square foot of $736.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,650,000
- Address: 853 N. Alta Vista Blvd.
- Market: West Hollywood
- Buyer: Naveed Natanzi
- Seller: Vadim Vishnevskiy
- Brokers: Jordan Asheghian & Tony Azzi - Marcus & Millichap
- Units: 10
- Price Per Unit: $265,000
- Square Footage: 3,600
- Price Per Square Foot: $736
Naveed Natanzi was the buyer in this transaction, while Vadim Vishnevskiy served as the seller. Both parties were represented by brokers Jordan Asheghian and Tony Azzi from Marcus & Millichap. The deal showcases the expertise and professionalism of all individuals involved in completing the sale of this multifamily property in West Hollywood.
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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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93