Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Units: 7
- Price Per Unit: $357,143
- Square Footage: 6,104
- Price Per Square Foot: $410
- Date of Sale: 10/10/2024
- Market: Los Angeles
- Brokers: Eliyahu Appel, Jeffrey Louks, Nick Mejerski & Elliot Sabag - Marcus & Millichap
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.
On the Map
$2,500,000
$409/SF
MultiFamily
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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