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1146 North Formosa Avenue
SOLD

Ann Labe Acquires 8-Unit Multifamily In West Hollywood For $2.25M

1146 North Formosa Avenue

MultiFamily
6,856 SF
clock iconSold 25 days ago
Jake Glaser
Lee Mintz
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Summary

Sale
CALIFORNIA
MultiFamily
6,856 sqft

The 8-unit multifamily property located at 1146 North Formosa Avenue in West Hollywood was sold for $2,250,000. The property spans 6,856 square feet, resulting in a price per unit of $281,250 and a price per square foot of $328. The transaction took place on 06/17/2024 with Lee Mintz from Compass representing the buyer, Ann Labe, and Jake Glaser from Lyon Stahl Investment Real Estate representing the seller, Dana Waldhorn.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Units: 8
  • Square Footage: 6,856
  • Price per Unit: $281,250
  • Price per Square Foot: $328
  • Market: West Hollywood

The Glaser Group, led by Jake Glaser, represented the seller in the deal. The transaction was completed with an all-cash purchase and a 30-day escrow period, resulting in a 3.96% Cap Rate and a 15.25 Gross Rent Multiplier (GRM).

Players

  • All

    4

  • Agents

    2

  • Agencies

    2

Jake Glaser's profile picture
Jake Glaser
Lyon Stahl Investment Real Estate-image
Vice President
$45M Sold
Lee Mintz's profile picture

Details

Deal Summary
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SOLD
IMAGE: Lee Mintz & Jake Glaser DATE: 06/17/2024 ADDRESS: 1146 North Formosa Avenue MARKET: West Hollywood ASSET TYPE: Multifamily BUYER: Ann Labe SELLER: Dana Waldhorn BUYER'S REP: Lee Mintz (@Lee_Mintz) - Compass (@Compass) SELLER'S REP: Jake Glaser (@_JakeGlaser) - Lyon Stahl Investment Real Estate (@LyonStahl) SALE PRICE: $2,250,000 UNITS: 8 ~ PPU: $281,250 SF: 6,856 ~ PPSF: $328 NOTE FROM SELLER'S REP: The Glaser Group represented the Seller on this 8-unit value add apartment building, which was purchased all-cash with a 30-day escrow for a 3.96% Cap Rate & 15.25 GRM.

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Address1146 North Formosa Avenue

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