Updated Sep 9, 2024
THG Multifamily Acquires Hollywood Multifamily Property For $12.85M With Kevin Green, Paul Darrow & Joe Grabiec As Brokers
1759 Orchid Avenue, Los Angeles, CA 90028
$12,850,000
$317/SF
Building Size
40,502 SF
Asset Type
MultiFamily
Closing
May 20, 2020
About this deal
AI
1759 Orchid Avenue in Hollywood has been sold for $12,850,000. This multifamily property consists of 48 units, resulting in a price per unit of $267,708.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,850,000
- Units: 48
- Price Per Unit: $267,708
- Date: 05/20/2021
- Market: Hollywood
- Brokers: Kevin Green, Paul Darrow & Joe Grabiec - THG Multifamily
Kevin Green, Paul Darrow, and Joe Grabiec from THG Multifamily represented the parties involved in this transaction.
The multifamily sale at 1759 Orchid Avenue, Los Angeles, CA 90028 in Los Angeles, California sold for $12.9M in 2020. Reported inventory is 40,502 square feet across 48 units, or about 317 per square foot. Paul Darrow, Kevin Green, Joseph "Joe" Grabiec, Walker & Dunlop appear on the sale alongside Walker & Dunlop, Marcus & Millichap. This page is the Los Angeles, California file for the 1759 Orchid Avenue, Los Angeles, CA 90028 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 1759 Orchid Avenue, Los Angeles, CA 90028 around 2020. Published consideration for 1759 Orchid Avenue, Los Angeles, CA 90028 is $12.9M, dated 2020. Cite this THG Multifamily Acquires Hollywood Multifamily Property For $12.85M With Kevin Green, Paul Darrow & Joe Grabiec As Brokers sale when underwriting similar multifamily product around Los Angeles, California.
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Los Angeles MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93