Updated Dec 21, 2023
Kingsley Family Acquires Multifamily Property In Hollywood For $7.6M
1847 North Kingsley Drive, Los Angeles, CA 90027, USA
$7,600,000
$406/SF
Building Size
18,709 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
About this deal
AI
An multifamily property located at 1847 N. Kingsley in Hollywood was recently sold for $7,600,000. The property consists of 28 units with an average price per unit of $271,428. The total square footage of the property is 18,709, resulting in a price per square foot of $406.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,600,000
- Address: 1847 N. Kingsley, Hollywood
- Market: Hollywood
- Units: 28
- Price per Unit: $271,428
- Total Square Footage: 18,709
- Price per Square Foot: $406
The Kingsley Family purchased the property from the Kelmar Family. Trevor Bergher represented the buyer in this transaction.
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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93