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8 Separate TIC Buyers Acquire West Hollywood Multifamily For $6.5M

Property Image
SOLD
$6,542,052

California

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MultiFamily1,164 SF
Sold 06/03/2020
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Property Image
SOLD

8 Separate TIC Buyers Acquire West Hollywood Multifamily For $6.5M

1274 North Hayworth Avenue, West Hollywood, CA 90046

See Similar Deals
MultiFamily1,164 SF
Sold 06/03/2020
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$5,620
Total Square Footage:1,164 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily building located at 1274 N Hayworth Ave in West Hollywood. It was converted into a tenancy in common (TIC) and consists of 8 units. The sale price for the property was $6,542,052, which is the sum of all TIC units sold in the building. The price per unit (PPU) comes to $817,756.

Summary of transaction details

  • Property Type: Multifamily TIC
  • Transaction Amount: $6,542,052
  • Address: 1274 N Hayworth Ave
  • Market: West Hollywood

The buyer in this transaction was composed of 8 separate TIC buyers. The seller was 1274 Community Living. The broker representing the deal was Will Tiao from Tiao Properties.

Players

Will Tiao
The Collective Realty
Will Tiao
10 deals$28.2M volume
BROKER

Details

SOLD
IMAGE: Will Tiao DATE: 06/03/2021 ADDRESS: 1274 N Hayworth Ave MARKET: West Hollywood ASSET TYPE: Multifamily to Tenants In Common (TIC) BUYER: 8 separate TIC buyers SELLER: 1274 Community Living BROKER: Will Tiao @TiaoProperties SALE PRICE: $6,542,052 UNITS: 8 ~ PPU: $817,756 NOTE: Property was an 8-unit multifamily building that was converted into a tenancy in common "TIC." Sale price is the sum of all TIC units sold in the building

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