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Cypres Real Estate Advisors Inc. Acquires Multifamily Property On W. Sunset Blvd For $38M

Property Image
SOLD
$38,000,000

California

See Similar Deals
MultiFamily70,812 SF
Sold 05/13/2019
the dealdetailscomps
Property Image
SOLD

Cypres Real Estate Advisors Inc. Acquires Multifamily Property On W. Sunset Blvd For $38M

5837 West Sunset Boulevard, Los Angeles, CA 90028

See Similar Deals
MultiFamily70,812 SF
Sold 05/13/2019
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$536
Total Square Footage:70,812 SF
Transaction Type:Sale

Cornerstone Holdings and Harridge Development Group have sold a multifamily property located at 5837 W. Sunset Blvd for a total of $38,000,000. The transaction took place on May 13, 2019. The property consists of 79 units, with a price per unit of $481,012. The buyer in this transaction was Cypres Real Estate Advisors Inc.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $38,000,000
  • Address: 5837 W. Sunset Blvd
  • Units: 79
  • Price per Unit: $481,012

The sale of the property was facilitated by the brokerage firm CushWake. John Burnham & Dudley Simmons captured an image of the property prior to the sale. Cypres Real Estate Advisors Inc. acted as the buyer in the transaction, while Cornerstone Holdings and Harridge Development Group served as the sellers.

Players

HG
Harridge Development Group
SELLER
CH
Cornerstone Holdings
SELLER

Details

SOLD
IMAGE: John Burnham & Dudley Simmons DATE: 05/13/2019 ADDRESS: 5837 W. Sunset Blvd ASSET TYPE: Multifamily BUYER: Cypres Real Estate Advisors Inc. SELLER: Cornerstone Holdings & Harridge Development Group BROKER: @CushWake PRICE: $38,000,000 UNITS: 79 PPU: $481,012

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