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1800 North La Brea Avenue, ...

Updated Dec 20, 2023

Brandon Chow Acquires Multifamily Property In West Hollywood For $6M
SOLDMultiFamily

Brandon Chow Acquires Multifamily Property In West Hollywood For $6M

1800 North La Brea Avenue, West Hollywood, California 90046, United States

$6,000,000

$378/SF

Building Size

15,848 SF

Asset Type

MultiFamily

Closing

Apr 7, 2022

About this deal

AI

Located at 1800 N. La Brea Ave. in West Hollywood, this multifamily property was recently sold in an off-market deal. The property consists of 32 units with a sale price of $6,000,000, resulting in a per unit price of $187,500. The total square footage of the property is 15,848, making the price per square foot $378. The Gross Rent Multiplier (GRM) for the transaction is 18.76x, and the Capitalization Rate (CAP) is 2.31%.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,000,000
  • Units: 32
  • Price per Unit (PPU): $187,500
  • Square Footage (SF): 15,848
  • Price per Square Foot (PPSF): $378
  • Gross Rent Multiplier (GRM): 18.76x
  • Capitalization Rate (CAP): 2.31%

The buyer of the property is Brandon Chow, while the seller is Chin Ho Liao. The deal was facilitated by brokers Jordan Asheghian, Tony Azzi, and Rob Bellamy from The Azzi Group, who represent Marcus & Millichap in the transaction.

It is worth noting that this transaction was conducted off-market and achieved a relatively low GRM of 18.76x and a CAP rate of 2.31%.

On the Map

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$6,000,000

$378/SF

MultiFamily

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Players

Jordan Asheghian

Lyon Stahl Investment Real Estate

Broker

$269M

vol

61 deals

Broker
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West Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $378 per square foot on a published $6M for 15,848 square feet (2022).

Visit Rob Bellamy to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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