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3001 South Ocean Drive

Alberto Espinosa Sells Condo At 3001 South Ocean Drive In Hollywood For $1.2M
SOLDCondo

Alberto Espinosa Sells Condo At 3001 South Ocean Drive In Hollywood For $1.2M

3001 South Ocean Drive

$1,200,000

$486/SF

Building Size

2,465 SF

Asset Type

Condo

Closing

Apr 14, 2025

AI

The property asset involved in this transaction is a condo located at 3001 South Ocean Drive Unit 1611 in Hollywood. The sale price of the condo was $1,200,000, encompassing a total area of 2,465 square feet, which corresponds to a price per square foot of $486.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $1,200,000
  • Seller: Alberto Espinosa
  • Broker: Bianca Guevara - Luxe Properties
  • Market: Hollywood
  • Square Footage: 2,465
  • Price per Square Foot: $486

The deal was facilitated by Bianca Guevara from Luxe Properties, representing the seller, Alberto Espinosa. This transaction showcases the collaboration within the real estate market, highlighting the roles of agents in managing property sales.

Players

Bianca Guevara

Luxe Properties

Broker

$22.4M

vol

11 deals

Broker

Hollywood Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93