Jonathan Dadourian & David Ghermezian Of Newmark Represent Buyer In $10.8M West Hollywood Multifamily Sale
SOLD
$10,800,000
California
See Similar DealsMultiFamily20,786 SF
Sold 09/29/2025
SOLD
Jonathan Dadourian & David Ghermezian Of Newmark Represent Buyer In $10.8M West Hollywood Multifamily Sale
1320 North Harper Avenue
See Similar DealsMultiFamily20,786 SF
Sold 09/29/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$519
Total Square Footage:20,786 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 1320 North Harper Avenue in West Hollywood, comprising 14 units with a total square footage of 20,786. The sale price was recorded at $10,800,000, resulting in a price per unit of $771,429 and a price per square foot of $520.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,800,000
- Units: 14
- Square Footage: 20,786
- Price per Unit: $771,429
- Price per Square Foot: $520
- Buyer's Representative: Jonathan Dadourian & David Ghermezian - Newmark
- Seller's Representative: Sam Liberow - The Liberow Group - Marcus & Millichap
The deal highlighted key representatives including Jonathan Dadourian and David Ghermezian, representing the buyer through Newmark, while the seller was represented by Sam Liberow from The Liberow Group under Marcus & Millichap, demonstrating the involvement of established firms in completing this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
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