Updated Oct 29, 2024
Erro LLC Acquires 19-Unit Property On 1400 N. Fairfax Ave. From Fairfax Properties LLC
1400 North Fairfax Avenue, West Hollywood, CA, USA
$6,700,000
$386/SF
Building Size
17,326 SF
Asset Type
Other
Closing
May 29, 2018
About this deal
AI
1400 N. Fairfax Ave. has been sold in a closed property transaction. The sale took place on May 30, 2018.
Summary of transation details
- Property Type: Sale
- Transaction Amount: Not available
- Units: 19
- CAP: 3.38%
- GRM: 16.91
- Total Square Footage: 17,326
- Price per Square Foot: $386.70
The buyer of the property is Erro LLC, while the seller is Fairfax Properties LLC.
The other sale at 1400 North Fairfax Avenue, West Hollywood, CA, USA in West Hollywood, California sold for $6.7M in 2018. Reported inventory is 17,326 square feet across 19 units, or about 386 per square foot. This page is the West Hollywood, California file for the 1400 North Fairfax Avenue, West Hollywood, CA, USA other sold: pricing, party profiles, and other closed other comps from the same West Hollywood sit in the Market section below. Filter that West Hollywood other set by closing date to see what else sold near 1400 North Fairfax Avenue, West Hollywood, CA, USA around 2018. Published consideration for 1400 North Fairfax Avenue, West Hollywood, CA, USA is $6.7M, dated 2018. Cite this Erro LLC Acquires 19-Unit Property On 1400 N. Fairfax Ave. From Fairfax Properties LLC sale when underwriting similar other product around West Hollywood, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93