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
About this deal
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
Hollywood Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $486 per square foot on a published $1.2M for 2,465 square feet (2025).
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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