8 Separate TIC Buyers Acquire West Hollywood Multifamily For $6.5M
1274 North Hayworth Avenue, West Hollywood, CA 90046
$6,542,052
$5,620/SF
Building Size
1,164 SF
Asset Type
MultiFamily
Closing
Jun 3, 2020
AI
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.
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
2.42%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93