Ron Baur Trust Acquires West Hollywood Multifamily For $2.18M With Brokers Michael Monempour And Bryan Glenn

The multifamily property located at 1351 Alta Vista in West Hollywood has been sold for $2,185,000. The property spans over 6,296 square feet, resulting in a price per square foot of $347. It consists of 6 units, with each unit costing approximately $364,166. The capitalization rate for the property stands at 3.72% and the gross rent multiplier is 16.6.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,185,000
• Square Footage: 6,296
• Price Per Square Foot: $347
• Number of Units: 6
• Price Per Unit: $364,166
• Capitalization Rate: 3.72%
• Gross Rent Multiplier: 16.6

Michael Monempour and Bryan Glenn were the brokers involved in the transaction representing the buyer, Ron Baur Trust.