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

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%.