Updated Sep 9, 2024
Jordan Asheghian And Michael Monempour Acquire West Hollywood Multifamily For $1.6M
905 North Genesee Avenue, West Hollywood, CA, USA
$1,615,000
$647/SF
Building Size
2,493 SF
Asset Type
MultiFamily
Closing
Nov 21, 2018
About this deal
AI
An multifamily property located at 905 N Genesee Ave in West Hollywood recently sold for $1,615,000. This property spans 2,493 square feet and has a price per square foot of $650.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,615,000
The sale was facilitated by Jordan Asheghian of Instayord and Michael Monempour of Mike_Monem. These brokers successfully represented the parties involved in this transaction.
The multifamily sale at 905 North Genesee Avenue, West Hollywood, CA, USA in West Hollywood, California sold for $1.6M in 2018. The building is 2,493 square feet, implying about 647 per square foot on the published price. Michael Monempour, Jordan Asheghian, Lyon Stahl Investment Real Estate, Kidder Mathews appear on the sale alongside Lyon Stahl Investment Real Estate, Kidder Mathews, Marcus & Millichap. This page is the West Hollywood, California file for the 905 North Genesee Avenue, West Hollywood, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same West Hollywood sit in the Market section below. Filter that West Hollywood multifamily set by closing date to see what else sold near 905 North Genesee Avenue, West Hollywood, CA, USA around 2018. Published consideration for 905 North Genesee Avenue, West Hollywood, CA, USA is $1.6M, dated 2018. Cite this Jordan Asheghian And Michael Monempour Acquire West Hollywood Multifamily For $1.6M sale when underwriting similar multifamily product around West Hollywood, California.
Players
West Hollywood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Monempour to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.82%
Cash-on-Cash
-2.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93