Updated Oct 29, 2024
Stanley A. Sirott Trust Acquires 18-Unit Property On N. Hayworth Ave. For $6.7M
1246 North Hayworth Avenue, West Hollywood, CA, USA
$6,726,000
$417/SF
Building Size
16,118 SF
Asset Type
Other
Closing
Apr 23, 2018
About this deal
AI
The property located at 1246 N. Hayworth Ave. was recently sold in a closed transaction for a total price of $6,726,000. The sale took place on April 24, 2018, and involved a total of 18 units. The property spans a total of 16,118 square feet and has a price per square foot of $417.30. The Capitalization Rate (CAP) for this transaction was 3.30% and the Gross Rent Multiplier (GRM) was 17.82. The buyer of the property was the Stanley A. Sirott Trust, while the seller was ZRM LLC.
Summary of transaction details
- Property Type: SALE
- Date: April 24, 2018
- Address: 1246 N. Hayworth Ave.
- Price: $6,726,000
- Units: 18
- Square Footage: 16,118
- Price Per Square Foot: $417.30
- Capitalization Rate (CAP): 3.30%
- Gross Rent Multiplier (GRM): 17.82
- Buyer: Stanley A. Sirott Trust
- Seller: ZRM LLC
This transaction was facilitated by Sam Liberow, who represented the buyer. Sam Liberow is an agent from the Stanley A. Sirott Trust's brokerage agency.
West Hollywood Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.36%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93