SOLD
Marcus & Millichap Closes $3.95M Sale Of West Hollywood Multifamily Property At 8514 Sherwood Drive
8514 Sherwood Drive
MultiFamily
Sold 171 days ago
Summary
Sale
CALIFORNIA
MultiFamily
Marcus & Millichap closed the sale of a twelve-unit apartment property at 8514 Sherwood Dr. in West Hollywood's Tri-West submarket. The property, located at 8514 Sherwood Drive, is a multifamily asset consisting of 12 units. The sale price for the property was $3,950,000, resulting in a price per unit of $329,167. The transaction took place on 11/10/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Address: 8514 Sherwood Drive
- Market: West Hollywood
The sale was brokered by Jason Tuvia, who is a senior managing director at Marcus & Millichap's Encino office. Tuvia represented the seller and facilitated the transaction with the buyer. As part of the deal, the buyer agreed to complete a soft-story retrofit for the property. Additionally, multiple rents for the units were below $600 per month, adding to the property's attractiveness.
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Details
SOLD
IMAGE: Jason Tuvia
DATE: 11/10/2023
ADDRESS: 8514 Sherwood Drive
MARKET: West Hollywood
ASSET TYPE: Multifamily
BROKER: Jason Tuvia (@TuviaGroup) - Marcus & Millichap (@MarcusMillichapinc)
SALE PRICE: $3,950,000
UNITS: 12 ~ PPU: $329,167
NOTE: Marcus & Millichap closed the $3.95 million sale of a twelve-unit apartment property at 8514 Sherwood Dr. in West Hollywood's Tri-West submarket. The deal, brokered by Jason Tuvia, senior managing director at Marcus & Millichap's Encino office, included a buyer agreeing to complete a soft-story retrofit, with multiple rents below $600 per month.View on map
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Address8514 Sherwood Drive
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