Pulso Capital Group Acquires Hollywood Multifamily Portfolio For $15.54M
3500 Polk Street
$15,540,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 7, 2024
AI
Located in Hollywood at 3500 Polk Street, the multifamily property consisting of 84 units was successfully transacted. The asset was sold for the asking price of $15,540,000, with each unit priced at $185,000. The buyers Inbal Ruiz, Maor Benami, and Salomon Kamkhaji of Pulso Capital Group acquired the 84-unit portfolio comprising a total of 16 folios.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,540,000
- Units: 84
- Price Per Unit: $185,000
- Buyer: Inbal Ruiz, Maor Benami & Salomon Kamkhaji - Pulso Capital Group
- Brokers: Joseph Thomas, Alec Demetriou, AJ Stanford, Adam Marcuvitz, Oscar Banegas & Aaron O’Connor - Marcus & Millichap
The deal was facilitated by a team of brokers from Marcus & Millichap, including Joseph Thomas, Alec Demetriou, AJ Stanford, Adam Marcuvitz, Oscar Banegas, and Aaron O’Connor. The successful transaction at 3500 Polk Street marks a significant investment in the Hollywood market, showcasing the expertise and collaboration among the involved parties.
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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93