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
- Property Type: Multifamily
- Transaction Amount: $1,945,000
- Square Footage: 8,256
- Price Per Square Foot: $236
- Number of Units: 14
- Price Per Unit: $138,929
- Buyer: Ezra Financial
- Seller: GDF Properties
- Brokers: Gabriel Pena, Connor Kerns, and Austin Graham - Matthews Real Estate Investment Services
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
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