Updated Oct 29, 2024
Essential Management Acquires Multifamily Property On North Beachwood Drive For $4.2M
2150 North Beachwood Drive, Central LA, Los Angeles, CA, USA
$4,240,834
$462/SF
Building Size
9,175 SF
Asset Type
MultiFamily
Closing
Nov 18, 2019
About this deal
AI
Located in Hollywood Hills, the multifamily property at 2150 North Beachwood Drive recently changed hands in a sale transaction. The property spans 9,175 square feet and consists of 14 units. The sale price for this transaction was $4,240,834, resulting in a price per square foot of $462.22. The buyer in this deal was Essential Management, while the seller was Ikuko Takashio. The transaction was facilitated by James Welsh and Sean Rosenzweig of Marcus & Millichap Los Angeles.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,240,834
- Square Footage: 9,175
- Price per Square Foot: $462.22
- Units: 14
- Buyer: Essential Management
- Seller: Ikuko Takashio
- Brokers: James Welsh, Sean Rosenzweig (Marcus & Millichap Los Angeles)
James Welsh and Sean Rosenzweig of Marcus & Millichap Los Angeles played a pivotal role in facilitating this transaction. Their expertise and negotiation skills ensured a successful outcome for both the buyer and the seller.
On the Map
$4,240,834
$462/SF
MultiFamily
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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
3.74%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93