Updated Oct 29, 2024
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
About this deal
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
Loading comparables…
Deal FAQ
Visit Dean Zander to view all their deals.
Browse California multifamily sales on Traded.
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