Jason Katz Acquires Multifamily Property On Havenhurst Drive, West Hollywood For $10.05M

The multifamily property located at 1308 Havenhurst Drive in West Hollywood has been sold. The property consists of 30 units and spans a total area of 26,878 square feet. The transaction took place on October 30, 2019, with a sale price of $10,046,400, resulting in a price per square foot of $373.78. The buyer, Jason Katz, acquired the property from the seller, Havenhurst Villa LP. The deal was facilitated by brokers Mike Hanassab, Elliot Hassan, and John Katnik from James Capital Advisors. This real estate asset attracted significant interest, with over 20 competing offers received.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,046,400
• Square Footage: 26,878
• Address: 1308 Havenhurst Drive, West Hollywood
• Buyer: Jason Katz
• Seller: Havenhurst Villa LP
• Brokers: Mike Hanassab, Elliot Hassan, John Katnik

The buyer, Jason Katz, was represented by brokers Mike Hanassab, Elliot Hassan, and John Katnik from James Capital Advisors in this non-contingent transaction. The property garnered significant interest, with over 20 competing offers received. The sale of this generational real estate asset successfully closed under a 1031 Exchange Buyer scenario, indicating a strong market demand.