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1556 South Beverly Glen Bou...

Nick Mejerski & Elliot Sabag of Marcus & Millichap Sell Multifamily Property At 1556 South Beverly Glen Boulevard For $2.5M
SOLDMultiFamily

Nick Mejerski & Elliot Sabag of Marcus & Millichap Sell Multifamily Property At 1556 South Beverly Glen Boulevard For $2.5M

1556 South Beverly Glen Boulevard

$2,500,000

$409/SF

Building Size

6,104 SF

Asset Type

MultiFamily

Closing

Oct 10, 2024

AI

A seven-unit apartment building at 1556 South Beverly Glen Boulevard in West Los Angeles has been sold. The property was acquired for $2,500,000. This multifamily asset spans 6,104 square feet and features a combination of one- and two-bedroom units, strategically located near Westwood and Century City.

Summary of transaction details:

This transaction was part of "The Six Building Trophy Portfolio." Eliyahu Appel and Jeffrey Louks represented the seller, showcasing their expertise in the Los Angeles market.

Players

Elliot Sabag

Marcus & Millichap

Broker

$82.1M

vol

12 deals

Broker

Los Angeles 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93