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1346 North Laurel Avenue

Justin Seigel & Doug Rickard Acquire Multifamily Property On N Laurel Avenue In West Hollywood, CA For $10.1M
SOLDMultiFamily

Justin Seigel & Doug Rickard Acquire Multifamily Property On N Laurel Avenue In West Hollywood, CA For $10.1M

1346 North Laurel Avenue & 1346 N Laurel Ave, West Hollywood, CA 90046, USA

$10,100,000

$281/SF

Building Size

35,924 SF

Asset Type

MultiFamily

Closing

Nov 18, 2022

AI

The multifamily property located at 1346 N Laurel Avenue in West Hollywood, CA has been sold in a closed transaction. The property consists of 16 units with a total square footage of 17,962. The sale price for this transaction was $10,100,000, resulting in a price per unit of $631,250 and a price per square foot of $562.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $10,100,000
  • Units: 16
  • Price per Unit: $631,250
  • Square Footage: 17,962
  • Price per Square Foot: $562
  • Address: 1346 N Laurel Avenue, West Hollywood, CA
  • Market: West Hollywood, CA

The buyer's representatives involved in this transaction were Justin Seigel & Doug Rickard from ADR Preferred Business Properties and Karla Cisneros from Nansco Management.

Players

Kenny Stevens

Compass

Broker

$141.3M

vol

20 deals

Broker

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

1.57%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93