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

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SOLD
$3,300,000

California

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MultiFamily
Sold 05/30/2024
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Property Image
SOLD

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

10634 Holman Avenue

See Similar Deals
MultiFamily
Sold 05/30/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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
4 deals$34.8M volume
BROKER

Dan Tan
Tandem Real Estate
1 deal$3.3M volume(626) 261-1838
BROKER

Details

SOLD
IMAGE: Dan Tan & Christopher Pickett DATE: 05/30/2024 ADDRESS: 10634 Holman Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER'S REP: Dan Tan - Tandem Real Estate SELLER'S REP: Christopher Pickett (@ChrisPickettrealestate) - Douglas Elliman (@DouglasElliman) SALE PRICE: $3,300,000 UNITS: 8 ~ PPU: $412,500 NOTE: 10634 Holman Avenue, a unique eight-unit building in Westwood, Los Angeles, was sold for $3,300,000. Represented by Dan Tan of Tandem Real Estate and Christopher Pickett of Douglas Elliman, this generational asset 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, offering an exceptional investment opportunity for savvy investors.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$175,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
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