ROKA Properties Acquires 24-Unit Multifamily In West Hollywood For $20.55M
1425 North Crescent Heights Boulevard, West Hollywood, CA, USA
$20,550,000
$755/SF
Building Size
27,192 SF
Asset Type
MultiFamily
Closing
Oct 31, 2019
AI
The multifamily property located at 1425 N. Crescent Heights in West Hollywood has been sold for a price of $20,550,000. The transaction took place on November 1, 2019. The property spans an area of 27,192 square feet with a price per square foot of $755. It consists of 24 units, resulting in a price per unit of $856,250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,550,000
- Address: 1425 N. Crescent Heights, West Hollywood
- Market: West Hollywood
- Seller: Izaki Group Investments
- Buyer: ROKA Properties
- Brokers: Chris Tresp - Dean Zander
- Square Footage: 27,192
- Price per Square Foot: $755
- Number of Units: 24
- Price per Unit: $856,250
Chris Tresp and Dean Zander represented the parties involved in this transaction as brokers.
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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93