Updated Dec 4, 2024
Jacob Layton Acquires Multifamily Property In West Hollywood For $5.8M
1327 North Laurel Avenue
$5,800,000
$363/SF
Building Size
15,958 SF
Asset Type
MultiFamily
Closing
Nov 22, 2023
About this deal
AI
The multifamily property located at 1327 North Laurel Avenue in West Hollywood has been sold in a closed transaction. The property consists of 20 units with a total square footage of 15,958. The sale price for this transaction was $5,800,000, resulting in a per unit price of $290,000. The price per square foot for the property is $363.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Address: 1327 North Laurel Avenue
- Market: West Hollywood
- Buyer: Jacob Layton
- Seller: Judith Odest
- Broker: Jordan Asheghian - Marcus & Millichap
- Units: 20
- Price per Unit: $290,000
- Square Footage: 15,958
- Price per Square Foot: $363
Jordan Asheghian from Marcus & Millichap represented the buyer and seller in this transaction.
Players
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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93