Updated Oct 29, 2024
Concord RE Acquires Multifamily Property On 1354 N Harper Ave In West Hollywood For $17.3M
1354 North Harper Avenue, West Hollywood, CA 90046, USA
$17,275,000
$405/SF
Building Size
42,644 SF
Asset Type
MultiFamily
Closing
May 30, 2019
About this deal
AI
A multifamily property located at 1354 N Harper Ave in West Hollywood has been sold for a price of $17,275,000. The transaction took place on 05/31/2019. Spanning across 42,644 square feet, the property was sold at a rate of $405.10 per square foot. Richard Ringer & Jeff Benson from Marcus & Millichap represented the buyer, @Concord_RE, in this sale.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,275,000
- Address: 1354 N Harper Ave
- Market: West Hollywood
- Square Footage: 42,644
- Price Per Square Foot: $405.10
Richard Ringer & Jeff Benson, from Marcus & Millichap, played a crucial role as the buyer's representatives 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93