MWest Holdings Sells Multifamily Property On Hollywood Blvd For $26.015M
5211 Hollywood Boulevard, Hollywood, CA, USA
$26,015,000
$290/SF
Building Size
89,694 SF
Asset Type
MultiFamily
Closing
Dec 16, 2019
AI
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
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93