Alan Wu Purchases Multifamily Asset At 1000 North Curson Avenue For $3.45M Seller Jordan Sachs
1000 North Curson Avenue
$3,450,000
$369/SF
Building Size
9,346 SF
Asset Type
MultiFamily
Closing
Apr 10, 2025
AI
The property asset involved in this transaction is a multifamily unit located at 1000 North Curson Avenue in West Hollywood. The sale price for the property was $3,450,000, comprising 12 units. The total square footage of the asset is 9,346, with a price per unit of $287,500 and a price per square foot of $369.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,450,000
- Units: 12
- Square Footage: 9,346
- Price Per Unit: $287,500
- Price Per Square Foot: $369
- Buyer: Alan Wu
- Seller: Jordan Sachs - Bold Partners
- Broker: Sam Liberow - The Liberow Group - Marcus & Millichap Encino
The key individuals involved in the transaction include Alan Wu, who acted as the buyer, and Jordan Sachs of Bold Partners, who was the seller. Sam Liberow represented the seller in this deal through his agency, The Liberow Group, under Marcus & Millichap Encino.
Players
West 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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93