Lucca Canter Acquires West Hollywood Multifamily For $3.85M
8301 W 3rd St Los Angeles, CA 90048, USA
$3,850,000
$937/SF
Building Size
4,106 SF
Asset Type
MultiFamily
Closing
May 26, 2023
AI
The multifamily property located at 8301 West Third Street in West Hollywood has been sold in a recent transaction. The property consists of 2 units with a total square footage of 4,106. The sale price for this transaction was $3,850,000, resulting in a price per unit of $1,925,000. The price per square foot for this property is $938.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,850,000
- Address: 8301 West Third Street, West Hollywood
- Market: West Hollywood
- Buyer: Lucca Canter
- Seller: Bruce Kalish & Leasure Carol
- Broker: Arian Zerehi - Commercial Brokers International
- Units: 2
- Price per Unit: $1,925,000
- Square Footage: 4,106
- Price per Square Foot: $938
Arian Zerehi from Commercial Brokers International represented Lucca Canter as the buyer in this transaction.
Los Angeles 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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93