Winstar Properties, LLC Acquires Hollywood MultiFamily For $27.3M
SOLD
$27,300,000
California
See Similar DealsMultiFamily70,812 SF
Sold 09/21/2023
SOLD
Winstar Properties, LLC Acquires Hollywood MultiFamily For $27.3M
5837 West Sunset Boulevard
See Similar DealsMultiFamily70,812 SF
Sold 09/21/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$385
Total Square Footage:70,812 SF
Transaction Type:Sale
The multi-family property located at 5837 West Sunset Boulevard in Hollywood has been sold for $27,300,000. The property consists of 79 units with an average price per unit of $345,570. The total square footage of the property is 70,812, resulting in a price per square foot of $386.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $27,300,000
- Address: 5837 West Sunset Boulevard, Hollywood
- Units: 79
- Price per Unit: $345,570
- Total Square Footage: 70,812
- Price per Square Foot: $386
The buyer of the property is Winstar Properties, LLC. The transaction was facilitated by the brokers Neema Ahadian and Leonardo (Leo) Laterza from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,456,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$96,991.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$129,415.93
Annual Debt Service$1,552,991.13
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