Updated Dec 20, 2023
Taksa Investment Group Acquires West Hollywood Multifamily Portfolio For $4.2M
657 Huntley Drive, West Hollywood, CA, USA
$4,200,000
$737/SF
Building Size
5,698 SF
Asset Type
MultiFamily
Closing
Jul 20, 2020
About this deal
AI
A 3 property portfolio located in prime West Hollywood has been sold as a package. The portfolio consists of three four-unit apartment buildings built between 1936 and 1952. These R2 zoned lots are ideal for redevelopment. The total square footage is 5,698 with a price per square foot of $737.10. The transaction closed on 07/21/2020 with a total sale price of $4,200,000. The portfolio includes a total of 12 units, with an average price per unit of $350,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Square Footage: 5,698
- Price per Square Foot: $737.10
- Number of Units: 12
- Price per Unit: $350,000
The deal was facilitated by Jonathan Taksa of Taksa Investment Group, who represented the buyer and seller in the transaction.
West Hollywood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93