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1240 N Ogden Dr, West Holly...

Updated Oct 29, 2024

Clement Capital Management Acquires Multifamily Property In West Hollywood For $3.3M
SOLDMultiFamily

Clement Capital Management Acquires Multifamily Property In West Hollywood For $3.3M

1240 N Ogden Dr, West Hollywood, CA, USA

$3,335,000

$333/SF

Building Size

10,004 SF

Asset Type

MultiFamily

Closing

May 13, 2020

About this deal

AI

The multifamily property located at 1240 N Ogden Dr in West Hollywood was recently sold for $3,335,000. This property consists of 12 units and spans across 10,004 square feet, resulting in a price per square foot of $333.37. The buyer of this property is Clement Capital Management, represented by KIP. The transaction was facilitated by broker Sam Liberow from The Liberow Group.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,335,000
  • Property Address: 1240 N Ogden Dr
  • Market: West Hollywood
  • Square Footage: 10,004
  • Price per Square Foot: $333.37
  • Number of Units: 12

Clement Capital Management, represented by KIP, acquired this multifamily property in West Hollywood. The transaction was successfully negotiated by Sam Liberow from The Liberow Group, who acted as the buyer's broker. This deal is a testament to the thriving real estate market in this area.

Players

Sam Liberow

Marcus & Millichap

Broker

$775.3M

vol

108 deals

Broker

West Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $333 per square foot on a published $3.3M for 10,004 square feet (2020).

Visit Sam Liberow to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.76%

Cash-on-Cash

-1.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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