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206 South 15th Avenue

Alex Calderon Acquires Multifamily Asset From Frimmi Gelb For $1.55M In Hollywood
SOLDMultiFamily

Alex Calderon Acquires Multifamily Asset From Frimmi Gelb For $1.55M In Hollywood

206 South 15th Avenue

$1,550,000

$420/SF

Building Size

3,686 SF

Asset Type

MultiFamily

Closing

Feb 19, 2026

AI

The multifamily property located at 206 South 15th Avenue in Hollywood was sold for $1,550,000. This asset comprises 6 units and spans a total of 3,686 square feet, resulting in a price per unit of $258,333 and a price per square foot of $420.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,550,000
  • Units: 6
  • Square Footage: 3,686
  • Price Per Unit: $258,333
  • Price Per Square Foot: $420
  • Buyer: Alex Calderon
  • Seller: Frimmi Gelb
  • Broker: Elior Levi - Fausto Commercial Realty Consultants

The transaction reflects the involvement of buyer Alex Calderon and seller Frimmi Gelb, with Elior Levi representing the seller through Fausto Commercial Realty Consultants. Their respective roles were crucial in the completion of this multifamily asset sale.

Players

Elior Levi

Fausto Commercial Realty Consultants

Broker

$100.9M

vol

38 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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93