Updated Oct 29, 2024
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.
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
4.76%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93