Updated Sep 5, 2024
Ikon Capital Advisors Broker Yohann Bensimon Sells Hollywood Multifamily Property For $3.6M
853 N June St, Central LA, Los Angeles, CA, USA
$3,605,000
$581/SF
Building Size
6,200 SF
Asset Type
MultiFamily
Closing
Feb 25, 2021
About this deal
AI
The multifamily property located at 853 N. June St. in Hollywood was recently sold in a closed transaction on February 26, 2021. The property, spanning 6,200 square feet, consists of four units. The asking price for the property was $3,595,000, and it was eventually sold for $3,605,000. This translates to a price per unit of $901,250 and a price per square foot of $581. The property boasts a gross rent multiplier (GRM) of 13.6x and a capitalization rate (CAP) of 5.31%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,605,000
- Units: 4
- Price per Unit: $901,250
- Square Footage: 6,200
- Price per Square Foot: $581
- Asking Price: $3,595,000
- Gross Rent Multiplier (GRM): 13.6x
- Capitalization Rate (CAP): 5.31%
The transaction was brokered by Yohann Bensimon from Ikon Capital Advisors. Yohann Bensimon represented the buyer in this deal.
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.40%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93