Filip Niculete, Glen Scher, Rick Ramirez & Jeffrey Neel Sell 6-Unit Multifamily Property For $1.93M

Located at 2649 N Beachwood Dr in Greater Hollywood Hills, this multifamily property recently changed hands in a sale transaction. The property consists of 6 units with a total area of 5,641 square feet. The sale price was recorded at $1,935,000, resulting in a price per unit of $322,500. The price per square foot was calculated at $343. The capitalization rate (CAP) for this property was 3.36% and the gross rent multiplier (GRM) was 15.66x.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,935,000
• Units: 6
• Price per Unit: $322,500
• Square Footage: 5,641
• Price per Square Foot: $343
• CAP: 3.36%
• GRM: 15.66x

Filip Niculete, Glen Scher, Rick Ramirez, and Jeffrey Neel were the brokers involved in this transaction. They represented the respective parties in this deal.