Updated Dec 21, 2023
Jonathan Taksa & Rob Renshaw Of Taksa Investment Group Sell Multifamily Property In West Hollywood For $12.6M
8430 De Longpre Avenue, West Hollywood, CA 90069, USA
$12,600,000
$328/SF
Building Size
38,377 SF
Asset Type
MultiFamily
Closing
Mar 26, 2020
About this deal
AI
The multifamily property located at 8430 De Longpre Avenue in West Hollywood was recently sold off-market for a price of $12,600,000. The property spans approximately 38,377 square feet, with a price per square foot of $328.32. It comprises a total of 24 units, with each unit being valued at $525,000. The transaction was facilitated by Jonathan Taksa and Rob Renshaw from the Taksa Investment Group. This sale was a closed transaction, with no additional details provided.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,600,000
- Address: 8430 De Longpre Avenue
- Market: West Hollywood
- Square Footage: 38,377
- Price per Square Foot: $328.32
- Units: 24
- Price per Unit: $525,000
- Brokers: Jonathan Taksa & Rob Renshaw - Taksa Investment Group
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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93