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9255 Doheny Road

Donald De Line Acquires Condo In Sunset Strip For $5.1M
SOLD

Donald De Line Acquires Condo In Sunset Strip For $5.1M

9255 Doheny Road

$5,100,000

$2,195/SF

Building Size

2,323 SF

Asset Type

Closing

Jul 15, 2021

AI

A condo located at 9255 Doheny Rd. in Sunset Strip has been sold in a recent transaction. The property measures 2,323 square feet and was sold for a price of $5,100,000 at a rate of $2,195 per square foot.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,100,000
  • Address: 9255 Doheny Rd., Sunset Strip
  • Square Footage: 2,323 sqft
  • Price per Square Foot: $2,195

The buyer of the condo is Donald De Line, while Ernest Schmider - PIMCO Funds acted as the seller. The deal was facilitated by brokers Joshua Greer and Rudy Serrato from Hilton & Hyland, as well as Ernie Carswell and Christopher Pickett from Douglas Elliman.

Players

Christopher Pickett

Douglas Elliman

Broker

$34.8M

vol

4 deals

Broker

West Hollywood CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93