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ROKA Properties Acquires 24-Unit Multifamily In West Hollywood For $20.55M

Property Image
SOLD
$20,550,000
Dean Zander
Christoper (Chris) Tresp

California

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MultiFamily27,192 SF
Sold 11/01/2019
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Property Image
SOLD

ROKA Properties Acquires 24-Unit Multifamily In West Hollywood For $20.55M

1425 North Crescent Heights Boulevard, West Hollywood, CA, USA

See Similar Deals
MultiFamily27,192 SF
Sold 11/01/2019
Dean Zander
Christoper (Chris) Tresp
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$755
Total Square Footage:27,192 SF
Transaction Type:Sale

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

Christoper (Chris) Tresp
CBRE
Christoper Tresp
10 deals$344.3M volume(310) 228-2122
BROKER
Dean Zander
Newmark
Dean Zander
34 deals$2.1B volume(310) 407-6522
BROKER
II
Izaki Group Investments
SELLER

Details

SOLD
IMAGE: Chris Tresp @ctresp & Dean Zander @deanzzz1 DATE: 11/01/2019 ADDRESS: 1425 N. Crescent Heights MARKET: West Hollywood ASSET TYPE: Multifamily SELLER: Izaki Group Investments BUYER: ROKA Properties BROKERS: Chris Tresp, Dean Zander PRICE: $20,550,000 SF: 27,192 ~ PPSF: $755 UNITS: 24 PPU: $856,250‬

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,096,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$73,009.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$97,417.48
Annual Debt Service$1,169,009.81