Mark Michaels Acquires SFR In West Hollywood For $2.75M
SOLD
$2,750,000
California
See Similar DealsSingle Family Residence2,700 SF
Sold 09/28/2022
SOLD
Mark Michaels Acquires SFR In West Hollywood For $2.75M
8727 Dorrington Avenue, West Hollywood, California 90048, United States
See Similar DealsSingle Family Residence2,700 SF
Sold 09/28/2022
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,018
Total Square Footage:2,700 SF
Transaction Type:Sale
Located in the desirable neighborhood of West Hollywood, California, this single-family residential property at 8727 Dorrington Avenue has recently been sold. The property spans around 2,700 square feet and features a stylish design and modern amenities. The sale of this property was completed on September 29, 2022.
Summary of Transaction Details
- Property Type: SFR
- Sale Price: $2,750,000
- Price Per Square Foot: $1,019
- Market: West Hollywood, CA
The buyer for this property was Mark Michaels, while the seller was Gabe Davis. Facilitating the transaction were brokers Michael Fahimian and Jack Harris of HF Estates. They played an integral role in ensuring a successful deal for both the buyer and the seller.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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