Updated Dec 20, 2023
The Neely Family Acquires SFR In West Hollywood For $2.6M
1324 N Orange Grove Ave, West Hollywood, CA, USA
$2,575,000
$1,388/SF
Building Size
1,855 SF
Asset Type
Single Family Residence
Closing
Nov 1, 2021
About this deal
AI
The property involved in this transaction is a single-family home located at 1324 N. Orange Grove Ave. in West Hollywood. The property spans 1,855 square feet and was sold for a price of $2,575,000, resulting in a price per square foot of $1,388.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,575,000
- Buyer: The Neely Family
- Seller: Alicia Meinertzhagen
- Broker: Brenna Bryant - Skylight Real Estate Advisors Inc.
The buyer in this transaction was The Neely Family, and the seller was Alicia Meinertzhagen. The deal was facilitated by Brenna Bryant, a broker from Skylight Real Estate Advisors Inc.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $2.6M for 1,855 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.16%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93