Multifamily Bungalow Compound Sold For $3.6 Million In Hollywood Hills With Brokers Pickard, Getz & Berger
2016 Vista Del Mar Street
$3,600,000
$780/SF
Building Size
4,612 SF
Asset Type
MultiFamily
Closing
Nov 26, 2024
AI
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
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93