Updated Oct 14, 2026
Morgan McMullin & Bo Drake Acquire Multifamily Property On Carlton Way In Hollywood For $5.2M
5440 Carlton Way, Central LA, Los Angeles, CA, USA
$5,225,000
$387/SF
Building Size
13,488 SF
Asset Type
MultiFamily
Closing
Mar 4, 2021
About this deal
AI
Located at 5440 Carlton Way in Hollywood, this multifamily property was recently sold in a closed transaction. The property consists of 18 units with a total square footage of 13,488. The sale price for this transaction was $5,225,000, resulting in a price per unit of approximately $290,278. The price per square foot was calculated at $387. The Gross Rent Multiplier (GRM) for this property was 12.6x, and the Capitalization Rate (CAP) was 5.0%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,225,000
- Units: 18
- Square Footage: 13,488
- Price per Unit: $290,278
- Price per Square Foot: $387
- Gross Rent Multiplier (GRM): 12.6x
- Capitalization Rate (CAP): 5.0%
The buyer in this transaction was Morgan McMullin and Bo Drake, represented by Adam Zunder and Peter Strauss. On the other hand, the seller was the Stark Family Trust.
On the Map
$5,225,000
$387/SF
MultiFamily
View full map
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Adam Zunder to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.04%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93