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MWest Holdings Sells Multifamily Property On Hollywood Blvd For $26.015M

Property Image
SOLD
$26,015,000
Kevin Green
Joseph "Joe" Grabiec
+ 1

California

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MultiFamily89,694 SF
Sold 12/17/2019
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Property Image
SOLD

MWest Holdings Sells Multifamily Property On Hollywood Blvd For $26.015M

5211 Hollywood Boulevard, Hollywood, CA, USA

See Similar Deals
MultiFamily89,694 SF
Sold 12/17/2019
Kevin Green
Joseph "Joe" Grabiec
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$290
Total Square Footage:89,694 SF
Transaction Type:Sale

A multifamily property located at 5211-5227 Hollywood Blvd in Hollywood was sold for a total of $26,015,000. The property spans 89,694 square feet and consists of 101 units. The sale price per square foot was approximately $290.04, and the price per unit was $257,574. The transaction took place on December 17, 2019. The seller of the property was MWest Holdings.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $26,015,000
  • Address: 5211-5227 Hollywood Blvd
  • Market: Hollywood

The brokers involved in the deal were Mike Smith from Berkadia, as well as Greg Harris, Joe Grabiec, and Kevin Green from Marcus & Millichap.

Players

Kevin Green
54 deals$3.5B volume(310) 706-4416
BROKER

Mike Smith
Lee & Associates
6 deals$300.6M volume(323) 767-2109
BROKER

Gregory (Greg) Harris
Marcus & Millichap
36 deals$2.9B volume
BROKER

Joseph "Joe" Grabiec
Marcus & Millichap
43 deals$3B volume
BROKER

MWest Holdings
SELLER

Details

SOLD
IMAGE: Karl Slovin, Sam Kuiumdjian @sam_kuium, Kevin Green, Joe Grabiec, Greg Harris, Mike Smith & Matthew Ellis DATE: 12/17/2019 ADDRESS: 5211-5227 Hollywood Blvd MARKET: Hollywood ASSET TYPE: Multifamily PRICE: $26,015,000 SF: 89,694 PPSF: $290.04 UNITS: 101 PPU: $257,574 SELLER: MWest Holdings BROKERS: Mike Smith - Berkadia, Greg Harris, Joe Grabiec, Kevin Green - Marcus & Millichap

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$92,425.81
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