Updated Sep 25, 2025
Eric Ontman Purchases Multifamily Property From Alejandro Gershanik For $1.35M In Hollywood
5926 Pierce Street
$1,350,000
$303/SF
Building Size
4,456 SF
Asset Type
MultiFamily
Closing
Sep 18, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily residential building located at 5926 Pierce Street in the Hollywood market. The sale price was set at $1,350,000, comprising 8 units and spanning a total square footage of 4,456. The price per unit is calculated at $168,750, while the price per square foot stands at $302.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Units: 8
- Square Footage: 4,456
- Price Per Unit: $168,750
- Price Per Square Foot: $302
- Buyer: Eric Ontman
- Seller: Alejandro Gershanik
- Broker: Elior Levi - Fausto Commercial Realty Consultants
This transaction features key individuals including the buyer, Eric Ontman, and the seller, Alejandro Gershanik. Elior Levi represented the broker firm Fausto Commercial Realty Consultants in this deal, facilitating the transaction on behalf of the seller.
On the Map
$1,350,000
$303/SF
MultiFamily
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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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93