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.
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