Updated Dec 2, 2024
Carlyle Group Acquires Residential Property In Westlake For $272.5M
1120 W 6th St, Westlake, Los Angeles, CA, USA
$272,500,000
$42,926/SF
Building Size
6,348 SF
Asset Type
Co-Op
Closing
Oct 6, 2019
About this deal
AI
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
Los Angeles Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Deal FAQ
Browse California co op sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93