Carlyle Group Acquires Residential Property In Westlake For $272.5M
SOLD
$272,500,000
California
See Similar DealsCo-Op6,348 SF
Sold 10/07/2019
SOLD
Carlyle Group Acquires Residential Property In Westlake For $272.5M
1120 W 6th St, Westlake, Los Angeles, CA, USA
See Similar DealsCo-Op6,348 SF
Sold 10/07/2019
Summary
CALIFORNIA
Asset Type:Co-Op
Price Per Square Foot:$42,926
Total Square Footage:6,348 SF
Transaction Type:Sale
The residential property located at 1120 W 6th St in Westlake was recently sold for $272,500,000. The sale took place on 10/07/2019 and involved a total of 648 units. The price per unit was approximately $420,524.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $272,500,000
- Address: 1120 W 6th St
- Market: Westlake
- Units: 648
- Price per Unit: $420,524
Holland Partner Group, the seller, sold the property to Carlyle Group. Kewsong Lee & Clyde Holland were involved in the transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$14,533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$968,134.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,291,789.02
Annual Debt Service$15,501,468.28
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