Ori Yuval Purchases 22-Unit Multifamily Property From Angela Rodriguez In Hollywood For $4M

This multifamily property, located at 2000 Buchanan Street in Hollywood, has been sold for $4,000,000. The building consists of 22 units within a total square footage of 20,000. The price per unit amounts to $181,818, while the price per square foot is $200.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Units: 22
• Square Footage: 20,000
• Price Per Unit: $181,818
• Price Per Square Foot: $200
• Buyer: Ori Yuval
• Seller: Angela Rodriguez
• Buyer's Representative: Moshe Biton - Capital Group Realty
• Net Operating Income: $300K
• Cap Rate: 7.5%
• Parking Spaces: 22
• Property Features: Gated, Coin laundry, Security cameras
• Property Zoning: DH-3 – build up to 10 stories / 140 ft
• Approved Uses: Retail, Hotel, Multi-Family, Mixed-Use
• Market: Hollywood

The deal was facilitated by Moshe Biton from Capital Group Realty, who represented the buyer. The transaction reflects a rapid contract process, attributed to the brokerage's extensive market knowledge and network of qualified buyers. Property owners are encouraged to reach out for serious buyer opportunities without the complications often associated with listing properties.