Updated Dec 21, 2023
Kenny Stevens, Max Berger & Michael Winestone Acquire Multifamily Property In West Hollywood For $7.6M
8450 De Longpre Avenue, West Hollywood, CA 90069, USA
$7,600,000
$347/SF
Building Size
21,884 SF
Asset Type
MultiFamily
Closing
Mar 14, 2019
About this deal
AI
Located in West Hollywood, this multifamily property at 8450 De Longpre Ave has recently been sold in a closed transaction. The property spans over 21,884 square feet, with a purchase price of $7.6 million, at a rate of approximately $347 per square foot. The sale took place on 03/15/2019.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7.6 million
- Address: 8450 De Longpre Ave
- Market: West Hollywood
- Square Footage: 21,884
- Price per Square Foot: $347
Kenny Stevens, Max Berger, and Michael Winestone were the brokers involved in the deal. They represented the parties in the transaction. Kenny Stevens is from @kennystevensteam, while Max Berger's handle is @bergermax. Both brokers worked alongside Michael Winestone to facilitate the successful sale of the property.
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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93