Updated Oct 29, 2024
Northland Acquires Multifamily Property In Los Angeles For $504M
1000 West 8th Street, Los Angeles, California 90017, United States
$504,000,000
Units
685
Asset Type
MultiFamily
Closing
Aug 11, 2022
About this deal
AI
The multifamily property located at 1000 West 8th Street in Los Angeles, CA has been sold for a total price of $504,000,000. The transaction took place on 11/08/2022. The property consists of 685 units, resulting in a price per unit of $735,766. The buyer in this deal is Northland, represented by Matthew Gottesdiener. The seller is Greenland Holdings Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $504,000,000
- Date: 11/08/2022
- Address: 1000 West 8th Street, Los Angeles, CA
- Units: 685
- Price per Unit: $735,766
- Buyer: Northland - Matthew Gottesdiener
- Seller: Greenland Holdings Group
N/A
On the Map
$504,000,000
MultiFamily
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Los Angeles 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
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93