SOLD
Bijan Stein Acquires Multifamily Property In West Hollywood For $5.01M
1215 North Sweetzer Avenue
MultiFamily
9,184 SF
9,184 SF
Sold 127 days ago
Summary
Sale
CALIFORNIA
MultiFamily
9,184 sqft
The multifamily property located at 1215 North Sweetzer Avenue in West Hollywood has been sold in a closed transaction. The property consists of 9 units with a total square footage of 9,184. The sale price was $5,010,000, resulting in a per unit price of $556,667. The price per square foot was $546, and the property's capitalization rate is 5.04%. The gross rent multiplier (GRM) is 13.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,010,000
- Units: 9
- Price per Unit: $556,667
- Square Footage: 9,184
- Price per Square Foot: $546
- Capitalization Rate: 5.04%
- Gross Rent Multiplier (GRM): 13
The buyer of the property was Bijan Stein, while the seller was Deepak Richard Mehta. The broker representing both the buyer and seller in this transaction was Michael Monempour from Lyon Stahl Investment Real Estate.
NOTE FROM BROKER: Property sold off market with assumable financing of 3.15% interest only with approximately 26 months remaining.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Michael Monempour
DATE: 12/28/2023
ADDRESS: 1215 North Sweetzer Avenue
MARKET: West Hollywood
ASSET TYPE: Multifamily
BUYER: Bijan Stein
SELLER: Deepak Richard Mehta
BROKER: Michael Monempour (@Michael.Monem) - Lyon Stahl Investment Real Estate (@LyonStahl)
ASKING PRICE: $5,010,000
SALE PRICE: $5,010,000
UNITS: 9 ~ PPU: $556,667
SF: 9,184 ~ PPSF: $546
CAP RATE: 5.04%
GRM: 13
NOTE FROM BROKER: Property sold off Market with Assumable Financing of 3.15% Interest Only with approximately 26 months remaining. Buyer and Seller both represented by Michael MonempourView on map
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Address1215 North Sweetzer Avenue
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