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853 North Alta Vista Boulev...

Updated Dec 20, 2023

Naveed Natanzi Acquires Multifamily Property In West Hollywood For $2.65M
SOLDMultiFamily

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.

Players

Jordan Asheghian

Lyon Stahl Investment Real Estate

Broker

$266.2M

vol

60 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $736 per square foot on a published $2.7M for 3,600 square feet (2022).

Visit Tony Azzi to view all their deals.

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

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