Updated Dec 4, 2024
Dan Tan & Christopher Pickett Handle $3.3M Sale Of Westwood Multifamily Asset
10634 Holman Avenue
$3,300,000
Units
8
Asset Type
MultiFamily
Closing
May 30, 2024
About this deal
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.
On the Map
$3,300,000
MultiFamily
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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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93