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
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