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
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