1201 Crescent Heights Multi-Family Property In WeHo Sold For $15.6M With Buyers Justin Mateen & Ben Keywanfar
1201 North Crescent Heights Boulevard, West Hollywood, CA, USA
$15,560,000
$458/SF
Building Size
33,916 SF
Asset Type
MultiFamily
Closing
Oct 31, 2018
AI
The multi-family property located at 1201 N Crescent Heights Blvd in WeHo has been sold for a price of $15,560,000. The property spans a total area of 33,916 square feet and has a price per square foot of $458.7. The transaction took place on 11/01/2018. The seller of the property was the Nissel Family.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $15,560,000
- Address: 1201 N Crescent Heights Blvd
- Market: WeHo
The buyers of the property are 1201 Crescent Properties, represented by Ben Keywanfar and Justin Mateen. The brokers involved in the deal were Marcia Glow, Tony Azzi, and Rabbie Banafsheha.
Players
West Hollywood 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93