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1000 West 8th Street, Los A...

Northland Acquires Multifamily Property In Los Angeles For $504M
SOLDMultiFamily

Northland Acquires Multifamily Property In Los Angeles For $504M

1000 West 8th Street, Los Angeles, California 90017, United States

$504,000,000

Building Size

Asset Type

MultiFamily

Closing

Aug 11, 2022

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

Players

Matthew R. Gottesdiener

Northland

Buyer

$978M

vol

4 deals

Buyer

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