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10634 Holman Avenue

Dan Tan & Christopher Pickett Handle $3.3M Sale Of Westwood Multifamily Asset
SOLDMultiFamily

Dan Tan & Christopher Pickett Handle $3.3M Sale Of Westwood Multifamily Asset

10634 Holman Avenue

$3,300,000

Building Size

Asset Type

MultiFamily

Closing

May 30, 2024

AI

10634 Holman Avenue, a unique eight-unit building in Westwood, Los Angeles, was sold for $3,300,000. The property offers a mix of 2-bedroom and 1-bedroom units, providing diverse leasing or investment options in a prime location near UCLA and marquee destinations like Westfield Century City.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,300,000
  • Units: 8
  • Price Per Unit: $412,500
  • Address: 10634 Holman Avenue
  • Market: Los Angeles

Representing the buyer in this transaction was Dan Tan from Tandem Real Estate, while Christopher Pickett from Douglas Elliman represented the seller. This generational asset presented an exceptional investment opportunity for savvy investors due to its strategic location and unit mix.

Players

Christopher Pickett

Douglas Elliman

Broker

$34.8M

vol

4 deals

Broker

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93