Bryan Cranty Acquires Multifamily Property On Shoreham Dr. In West Hollywood For $6.9M
SOLD
$6,900,000
California
See Similar DealsMultiFamily14,457 SF
Sold 03/31/2022
SOLD
Bryan Cranty Acquires Multifamily Property On Shoreham Dr. In West Hollywood For $6.9M
8741 Shoreham Drive, West Hollywood, California 90069, United States
See Similar DealsMultiFamily14,457 SF
Sold 03/31/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$477
Total Square Footage:14,457 SF
Transaction Type:Sale
A multifamily property located at 8741 Shoreham Dr. in West Hollywood has been sold. The transaction took place on March 31, 2022. The property, comprising 20 units with a total square footage of 14,457, was sold for a price of $6,900,000. This translates to a price per unit of $345,000 and a price per square foot of $477.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Units: 20
- Price per Unit: $345,000
- Total Square Footage: 14,457
- Price per Square Foot: $477
- Address: 8741 Shoreham Dr., West Hollywood
The buyer, Bryan Cranty, purchased the property from Vivian Neilsol. The transaction was facilitated by the brokers Jonathan Taksa and Rob Renshaw from Taksa Investment Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$367,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,514.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,709.52
Annual Debt Service$392,514.24
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