Updated Oct 29, 2024
BEH-4 LLC Acquires Multifamily Property In City Of WeHo For $2.2M
8005 Waring Avenue, Los Angeles, CA, USA
$2,200,000
$339/SF
Building Size
6,478 SF
Asset Type
MultiFamily
Closing
Oct 7, 2019
About this deal
AI
A multifamily property located at 8005 Waring Avenue in the City of WeHo has been sold for $2,200,000. The property features a total square footage of 6,478, with a price per square foot of $339.61. It consists of 6 units, with an average price per unit of $366,666. The sale was facilitated by Sam Liberow from The Liberow Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 8005 Waring Avenue
- Market: City of WeHo
The buyer of the property was BEH-4 LLC, while the seller was The Gurfinkel Trust. Sam Liberow from The Liberow Group represented the parties involved in the transaction. The property, being on the market for the first time in 47 years, is situated in a prime location in Los Angeles, just outside the City of West Hollywood. It offers convenient amenities such as on-site laundry and parking, and has a walk score of 94, indicating close proximity to Melrose Ave and Santa Monica Blvd.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93