Alan Wu Purchases Multifamily Asset At 1000 North Curson Avenue For $3.45M Seller Jordan Sachs
SOLD
$3,450,000
California
See Similar DealsMultiFamily9,346 SF
Sold 04/10/2025
SOLD
Alan Wu Purchases Multifamily Asset At 1000 North Curson Avenue For $3.45M Seller Jordan Sachs
1000 North Curson Avenue
See Similar DealsMultiFamily9,346 SF
Sold 04/10/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$369
Total Square Footage:9,346 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$184,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12
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