Updated Dec 20, 2023
Ramin Bassman Acquires 10-Unit Multifamily In West Hollywood For $4.54M
943 Hancock Avenue, West Hollywood, California 90069, United States
$4,540,000
$996/SF
Building Size
4,555 SF
Asset Type
MultiFamily
Closing
Feb 3, 2022
About this deal
AI
Located at 943 Hancock Avenue in West Hollywood, this multifamily property was recently sold in a closed transaction. The property consists of 10 units, with a total square footage of 4,555. The sale price for this transaction was $4,540,000, resulting in a price per unit of $454,000. The price per square foot was $996.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,540,000
- Address: 943 Hancock Avenue
- Market: West Hollywood
- Units: 10
- Purchase Price per Unit: $454,000
- Total Square Footage: 4,555
- Price per Square Foot: $996
- Buyer: Ramin Bassman
- Seller: Jeff United
- Broker: Jonathan Taksa - Taksa Investment Group
The buyer of this property was Ramin Bassman, and the seller was Jeff United. The transaction was facilitated by Jonathan Taksa from Taksa Investment Group, who represented the buyer in the deal.
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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93