Updated Dec 21, 2023
Kenny Stevens And Max Berger & Michael Winestone Sells Multifamily Property In West Hollywood For $5.97M
1265 North Sweetzer Avenue, West Hollywood, CA 90069, USA
$5,970,000
$329/SF
Building Size
18,108 SF
Asset Type
MultiFamily
Closing
Jan 3, 2019
About this deal
AI
An multifamily property located at 1265 N Sweetzer in West Hollywood has been sold for a price of $5,970,000. The property spans over an area of 18,108 square feet, resulting in a price per square foot of $329.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,970,000
- Square Footage: 18,108
- Price per Square Foot: $329
- Address: 1265 N Sweetzer, West Hollywood
The deal was facilitated by brokers Kenny Stevens and Max Berger, who represented the parties involved.
The multifamily sale at 1265 North Sweetzer Avenue, West Hollywood, CA 90069, USA in West Hollywood, California sold for $6M in 2019. The building is 18,108 square feet, implying about 329 per square foot on the published price. Michael Winestone, Max Berger, Kenny Stevens, Compass appear on the sale alongside Compass. This page is the West Hollywood, California file for the 1265 North Sweetzer Avenue, West Hollywood, CA 90069, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same West Hollywood sit in the Market section below. Filter that West Hollywood multifamily set by closing date to see what else sold near 1265 North Sweetzer Avenue, West Hollywood, CA 90069, USA around 2019. Published consideration for 1265 North Sweetzer Avenue, West Hollywood, CA 90069, USA is $6M, dated 2019. Cite this Kenny Stevens And Max Berger & Michael Winestone Sells Multifamily Property In West Hollywood For $5.97M sale when underwriting similar multifamily product around West Hollywood, California.
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West Hollywood MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.66%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93