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:
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Units: 16
- Price per Unit: $206,250
- Square Footage: 7,476
- Price per Square Foot: $441
- Buyer's Representative: Mitash Kripalani - Colliers
- Seller's Representatives: Benjamin Lipkin & David Benichou - Liv Real Estate Group
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
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