Updated Dec 20, 2023
Ethos Real Estate Acquires Los Angeles Multifamily For $76M With Buyer's Rep Jennifer McElyea And GCM Grosvenor's Peter Braffman
4555 West Martin Luther King Jr Boulevard, Los Angeles, California 90016, United States
$76,000,000
Units
276
Asset Type
MultiFamily
Closing
Jan 11, 2023
About this deal
AI
The multifamily property located at 4555 W Martin Luther King Jr Blvd in Los Angeles has been sold. The transaction took place on 01/12/2023, and the property was purchased by Ethos Real Estate and GCM Grosvenor. Jennifer McElyea represented Ethos Real Estate, while Peter Braffman represented GCM Grosvenor.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $76,000,000
- Address: 4555 W Martin Luther King Jr Blvd, Los Angeles
- Market: Los Angeles
- Units: 276
- Price Per Unit (PPU): $275,362
The sale price of the property was $76,000,000, and it consists of 276 units. Each unit has a price per unit (PPU) of $275,362. The transaction was facilitated by Jennifer McElyea, representing Ethos Real Estate, and Peter Braffman, representing GCM Grosvenor.
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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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93