Updated Oct 29, 2024
Stanley A. Sirott Trust Acquires 10-Unit Property On N. Stanley Ave. For $3.1M
1047 North Stanley Avenue, West Hollywood, CA, USA
$3,075,000
$392/SF
Building Size
7,834 SF
Asset Type
Other
Closing
Jun 27, 2018
About this deal
AI
The property located at 1047 N. Stanley Ave. was recently sold for a price of $3,075,000. The transaction took place on June 28, 2018, and involved the sale of 10 units. With a capitalization rate of 3.50% and a gross rent multiplier of 17.02, the property spans over 7,834 square feet, resulting in a price per square foot of $391.52.
Summary of transaction details
- Property Type: Sale
- Transaction Amount: $3,075,000
- Units: 10
- Capitalization Rate: 3.50%
- Gross Rent Multiplier: 17.02
- Square Footage: 7,834
- Price per Square Foot: $391.52
The property was purchased by the Stanley A. Sirott Trust from the seller Soleiset LP. Sam Liberow, Michael Sterman, and Jeff Louks were involved in the transaction, representing the interests of the buyer.
West Hollywood Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93