SOLD
Marcus & Millichap Brokered Sale Of Hollywood Multifamily Property For $5.5M
753 Lillian Way
MultiFamily
9,070 SF
9,070 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
9,070 sqft
A multifamily property located at 753 Lillian Way in Hollywood has been sold for $5,500,000. The property spans 9,070 square feet and has 8 units, resulting in a price per square foot of $606.33. The purchase price per unit is $687,500. The capitalization rate is 4.91% and the gross rent multiplier is 14.69.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Square Footage: 9,070
- Price per Square Foot: $606.33
- Number of Units: 8
- Price per Unit: $687,500
- Capitalization Rate: 4.91%
- Gross Rent Multiplier: 14.69
The sale was facilitated by brokers Filip Niculete, Glen Scher, JR Louie from Marcus & Millichap, and also involved Tommy Isola from Lee & Associates.
Players
All
6
Agents
4
Agencies
2
Details
SOLD
IMAGE: Filip Niculete, Glen Scher & JR Louie @laapartmentadvisors
DATE: 06/11/2019
ADDRESS: 753 Lillian Way
MARKET: Hollywood
ASSET TYPE: Multifamily
PRICE: $5,500,000
SF: 9,070
PPSF: $606.33.33
UNITS: 8
PPU: $687,500
CAP: 4.91%
GRM: 14.69
BROKERS: Filip Niculete, Glen Scher & JR Louie - Marcus & Millichap, Tommy Isola - Lee & AssociatesView on map
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Address753 Lillian Way
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