Updated Jul 9, 2025
Ross Walker Of Hawkins Way Capital Acquires 40-Unit Multifamily Property In Hollywood
1321 North Sycamore Avenue
Units
40
Asset Type
MultiFamily
Closing
Jul 9, 2025
About this deal
AI
The property involved in this transaction is a 40-unit multifamily asset located at 1321 North Sycamore Avenue, in the Los Angeles market. The property was constructed in 1987 and is part of Hawkins Way Capital's strategy to reposition undervalued urban assets. The property is set to undergo targeted renovations and will be managed by FCL Management.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1321 North Sycamore Avenue
- Market: Los Angeles
- Units: 40
- Buyer: Ross Walker
- Company: Hawkins Way Capital
Ross Walker, representing Hawkins Way Capital, was instrumental in acquiring the multifamily property, indicating a focus on enhancing the value of urban developments through strategic renovations and effective management. FCL Management has been appointed to oversee the property post-renovation.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93