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:
- 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.
Players
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