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Multifamily Bungalow Compound Sold For $3.6 Million In Hollywood Hills With Brokers Pickard, Getz & Berger

Property Image
SOLD
$3,600,000

California

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MultiFamily4,612 SF
Sold 11/26/2024
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Property Image
SOLD

Multifamily Bungalow Compound Sold For $3.6 Million In Hollywood Hills With Brokers Pickard, Getz & Berger

2016 Vista Del Mar Street

See Similar Deals
MultiFamily4,612 SF
Sold 11/26/2024
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$780
Total Square Footage:4,612 SF
Transaction Type:Sale

The property at 2016 Vista Del Mar Street in Los Angeles encompasses a multifamily asset featuring six luxury bungalows within a fully renovated boutique compound. The total sale price for this asset was $3,600,000, with a per unit price of $600,000. The property spans an area of 4,612 square feet, leading to a price per square foot of $781. The asset is situated on a 0.28-acre lot in the Hollywood Dell neighborhood, which offers access to various amenities including entertainment and dining options.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000
  • Address: 2016 Vista Del Mar Street
  • Market: Los Angeles
  • Units: 6
  • Price Per Unit: $600,000
  • Total Square Footage: 4,612
  • Price Per Square Foot: $781
  • Acres: 0.28

The transaction involved brokers Courtney Pickard, Lorraine Getz, and Max Berger representing the deal through their agency, Compass. Their roles were pivotal in facilitating the sale of this renovated bungalow compound, which is strategically located near core entertainment and business hubs in the area.

Players

Max Berger
17 deals$85.8M volume(818) 321-4972
BROKER

Courtney Pickard
Compass
2 deals$6.1M volume(719) 248-4825
BROKER

Lorraine Getz
Compass
1 deal$3.6M volume(310) 766-2289
BROKER

Details

SOLD
IMAGE: Courtney Pickard, Lorraine Getz & Max Berger DATE: 11/26/2024 ADDRESS: 2016 Vista Del Mar Street MARKET: Los Angeles ASSET TYPE: Multifamily ~ ACRES: 0.28 BROKERS: Courtney Pickard, Lorraine Getz (@LorraineGetzlarealtor) & Max Berger (@BergerMax) - Compass (@Compass) SALE PRICE: $3,600,000 UNITS: 6 ~ PPU: $600,000 SF: 4,612 ~ PPSF: $781 NOTE: 2016 Vista del Mar, a fully renovated boutique bungalow compound in the Hollywood Hills, sold for $3.6 million. The property, consisting of six luxury bungalows, was updated with high-end amenities and is strategically located in the Hollywood Dell neighborhood, offering easy access to entertainment, dining, and employment hubs.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04