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1320 Miller Drive, West Hol...

Updated Dec 19, 2023

Taksa Investment Group Acquires Multifamily Property In West Hollywood For $5M
SOLDMultiFamily

Taksa Investment Group Acquires Multifamily Property In West Hollywood For $5M

1320 Miller Drive, West Hollywood, CA, USA

$5,000,000

$384/SF

Building Size

13,005 SF

Asset Type

MultiFamily

Closing

Dec 16, 2020

About this deal

AI

A multifamily property located at 1320 Miller Drive in West Hollywood has been sold for a price of $5,000,000. The transaction took place on December 17, 2020. The property consists of 17 units, with an average price per unit of $289,706. It has a total square footage of 13,005, resulting in a price per square foot of $379. The sale of this property was facilitated by broker Jonathan Taksa from Taksa Investment Group.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Units: 17
  • Price per Unit: $289,706
  • Square Footage: 13,005
  • Price per Square Foot: $379
  • Date: December 17, 2020
  • Address: 1320 Miller Drive, West Hollywood
  • Broker: Jonathan Taksa - Taksa Investment Group

Jonathan Taksa from Taksa Investment Group played a significant role as the broker representing the parties involved in this multifamily property sale. The transaction showcases their expertise in facilitating successful real estate deals.

Players

Jonathan Taksa

Taksa Investment Group

Broker

$597.2M

vol

62 deals

Broker

West Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $384 per square foot on a published $5M for 13,005 square feet (2020).

Visit Jonathan (Jon) Taksa to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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