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2206 Adams Street

Ezra Financial Acquires Multifamily Property On Adams Street In Hollywood For $1.945M
SOLDMultiFamily

Ezra Financial Acquires Multifamily Property On Adams Street In Hollywood For $1.945M

2206 Adams Street

$1,945,000

$453/SF

Building Size

4,291 SF

Asset Type

MultiFamily

Closing

May 26, 2023

AI

A multifamily property located at 2206 Adams Street in Hollywood has been sold for a price of $1,945,000. The property has a total square footage of 8,256 and a price per square foot of $236. It consists of 14 units, with an average price per unit of $138,929. The property was sold by GDF Properties to Ezra Financial. The sale was facilitated by Gabriel Pena, Connor Kerns, and Austin Graham of Matthews Real Estate Investment Services.

Summary of transation details

Ezra Financial, the buyer in this transaction, is a key player in the sale. On the other hand, GDF Properties acted as the seller of the multifamily property. The deal was successfully brokered by Gabriel Pena, Connor Kerns, and Austin Graham from Matthews Real Estate Investment Services. Their expertise and negotiation skills were instrumental in facilitating the transaction.

Players

Connor Kerns

Matthews

Broker

$59.6M

vol

5 deals

Broker
GP
GDF PropertiesSeller

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

8.16%

Cash-on-Cash

-2.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93