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

Property Image
SOLD
$2,500,000
Elliot Sabag
Eliyahu Appel
+ 1

California

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MultiFamily6,104 SF
Sold 10/10/2024
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Property Image
SOLD

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

1556 South Beverly Glen Boulevard

See Similar Deals
MultiFamily6,104 SF
Sold 10/10/2024
Elliot Sabag
Eliyahu Appel
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$409
Total Square Footage:6,104 SF
Transaction Type:Sale

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
12 deals$82.1M volume
BROKER

Nick Mejerski
Marcus & Millichap
5 deals$11.8M volume(818) 795-5970
BROKER

Eliyahu Appel
Marcus & Millichap
3 deals$8.9M volume(818) 212-2707
BROKER

Jeffrey Louks
Marcus & Millichap
8 deals$49.1M volume(818) 212-2780
BROKER

Details

SOLD
IMAGE: Eliyahu Appel & Jeffrey Louks DATE: 10/10/2024 ADDRESS: 1556 South Beverly Glen Boulevard MARKET: Los Angeles ASSET TYPE: Multifamily BROKERS: Eliyahu Appel, Jeffrey Louks, Nick Mejerski & Elliot Sabag - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $2,500,000 UNITS: 7 ~ PPU: $357,143 SF: 6,104 ~ PPSF: $410 NOTE: A seven-unit apartment building at 1556 South Beverly Glen Boulevard in West Los Angeles sold for $2.5 million as part of "The Six Building Trophy Portfolio." Brokered by Eliyahu Appel and Jeffrey Louks of Marcus & Millichap, the 6,104-square-foot property offers a mix of one- and two-bedroom units in a prime location near Westwood and Century City.

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

$133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31