Updated Dec 21, 2023
Instayord & The_AzziGroup Sell Multifamily Property In West Hollywood For $2.5M
937 N Orange Grove Ave, West Hollywood, CA, USA
$2,500,000
$420/SF
Building Size
5,953 SF
Asset Type
MultiFamily
Closing
Jan 7, 2021
About this deal
AI
Located in West Hollywood, the multifamily property at 937 N. Orange Grove was recently sold for a price of $2,500,000. The sale took place on January 8, 2021, and was facilitated by brokers Jordan Asheghian from Instayord and Tony Azzi from The Azzi Group. With a total of 9 units, the property offers a per unit price of $278,000. Spanning across 5,953 square feet, the property boasts a price per square foot of $420.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 937 N. Orange Grove
- Market: West Hollywood
- Brokers: Jordan Asheghian (Instayord) and Tony Azzi (The Azzi Group)
- Units: 9
- Price per Unit: $278,000
- Square Footage: 5,953
- Price per Square Foot: $420
The sale of 937 N. Orange Grove was successfully coordinated by Jordan Asheghian from Instayord and Tony Azzi from The Azzi Group, who represented the respective parties involved in the transaction.
Players
West Hollywood 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93