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8231 De Longpre Avenue

Daniel Blaine Acquires Multifamily Property At 8231 De Longpre Avenue For $3.5 Million
SOLDMultiFamily

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

Jordan Asheghian

Lyon Stahl Investment Real Estate

Broker

$260.2M

vol

57 deals

Broker
Lyon Stahl Investment Real Estate
Lyon Stahl Investment Real EstateBrokerage

West Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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