Howard Tenenbaum Acquires Hollywood Multifamily For $16.25M
1320 North Sycamore Avenue, Central LA, Los Angeles, CA, USA
$16,250,000
$497/SF
Building Size
32,664 SF
Asset Type
MultiFamily
Closing
Dec 8, 2021
AI
Located in the Hollywood market, the multifamily property at 1320 N. Sycamore Avenue has been sold in a recent transaction for $16,250,000. The property spans across 32,664 square feet, resulting in a price per square foot of $497. The sale took place on 12/08/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,250,000
- SF: 32,664
- PPSF: $497
- Address: 1320 N. Sycamore Avenue
- Market: Hollywood
The buyer, Howard Tenenbaum, acquired the property from the seller, Jean Lee. The transaction was facilitated by the brokers Jonathan Taksa and Rob Renshaw of Taksa Investment Group, as well as Matt Sillaman of LBPM.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93