Updated Dec 21, 2023
Sam Liberow And Max Gersht Acquire 16-Unit Multifamily In West Hollywood For $5.9M
1026 North Crescent Heights Boulevard, West Hollywood, CA, USA
$5,900,000
$384/SF
Building Size
15,335 SF
Asset Type
MultiFamily
Closing
Apr 9, 2019
About this deal
AI
1020-1026 N. Crescent Heights Blvd, a multifamily property located in West Hollywood, has been sold for $5,900,000. The property spans a total of 15,335 square feet, with each unit priced at $368,750. The sale price per square foot is calculated at $384.72. This transaction involved 16 units, resulting in a capitalization rate of 3.12% and a gross rent multiplier of 18.28.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,900,000
- Address: 1020-1026 N. Crescent Heights Blvd
- Market: West Hollywood
- Square Footage: 15,335
- Price Per Square Foot: $384.72
- Number of Units: 16
- Price Per Unit: $368,750
- Capitalization Rate: 3.12%
- Gross Rent Multiplier: 18.28
The sale of this property was facilitated by Sam Liberow from @Sam_Liberow and Max Gersht from @TheLiberowGroup and @maximillian_realty.
Players
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93