Johnny Macarthur Acquires 5-Unit Multifamily In Noho Arts District For $1.3M

The multifamily property located at 4913-15 Cahuenga Blvd. in the Noho Arts District has been sold for a price of $1,325,000. The transaction took place on September 29, 2021. The property consists of 5 units, with each unit having a price per unit (PPU) of $265,000. The total square footage of the property is 3,720, and the price per square foot (PPSF) is $405. The sale price reflects a capitalization rate (CAP) of 4.35% and a gross rent multiplier (GRM) of 14.75.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,325,000
• Address: 4913-15 Cahuenga Blvd.
• Market: Noho Arts District

The buyer of the property is Johnny Macarthur, and the sellers are Wendy Widell, Scott Widell, and Brenda Widell. The sale of the property was facilitated by brokers Tony Sameyah and Reza Ghobadi.