Updated Dec 19, 2023
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.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93