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1815 Mckinley Street

Mitash Kripalani Of Colliers Represents Buyer In $3.3M Multifamily Sale In Hollywood
SOLDMultiFamily

Mitash Kripalani Of Colliers Represents Buyer In $3.3M Multifamily Sale In Hollywood

1815 Mckinley Street

$3,300,000

$441/SF

Building Size

7,476 SF

Asset Type

MultiFamily

Closing

May 6, 2025

AI

The asset involved in this transaction is a multifamily property located at 1815 Mckinley Street in the Hollywood market. The sale was completed for a total transaction amount of $3,300,000. The property encompasses 16 units, presenting a price per unit of $206,250. The overall square footage of the asset is 7,476, which results in a price per square foot of $441.

Summary of transaction details:

Key individuals involved in this transaction include Mitash Kripalani, who represented the buyer through Colliers, and the seller's representatives, Benjamin Lipkin and David Benichou, who are affiliated with Liv Real Estate Group. Their combined efforts facilitated the successful transfer of ownership in this multifamily asset.

Players

Mitash Kripalani

Colliers

Broker

$137.6M

vol

23 deals

Broker

Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93