Daniel Blaine Acquires Multifamily Property At 8231 De Longpre Avenue For $3.5 Million
8231 De Longpre Avenue
$3,500,000
$345/SF
Building Size
10,137 SF
Asset Type
MultiFamily
Closing
Aug 20, 2025
AI
The multifamily property located at 8231 De Longpre Avenue in West Hollywood was sold for $3,500,000. The asset consists of 11 units, totaling 10,137 square feet, which breaks down to a price per unit of $318,181 and a price per square foot of $345.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Buyer: Daniel Blaine
- Seller: Athony Frantz
- Broker: Jordan Asheghian - Lyon Stahl Investment Real Estate
- Units: 11
- Square Footage: 10,137
- Price Per Unit: $318,181
- Price Per Square Foot: $345
- Date of Sale: 08/20/2025
- Market: West Hollywood
- Escrow Duration: 14 Day Escrow
- Reverse 1031 Exchange Buyer: Yes
- First Time Sold in Over 26 Years: Yes
This transaction was facilitated by broker Jordan Asheghian, representing the sale and marking The Jordan Group's 59th closing in the area. Asheghian is the President and Founder of The Jordan Group and serves as 1st Vice President at Lyon Stahl.
Players
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93