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8741 Shoreham Drive, West H...

Bryan Cranty Acquires Multifamily Property On Shoreham Dr. In West Hollywood For $6.9M
SOLDMultiFamily

Bryan Cranty Acquires Multifamily Property On Shoreham Dr. In West Hollywood For $6.9M

8741 Shoreham Drive, West Hollywood, California 90069, United States

$6,900,000

$477/SF

Building Size

14,457 SF

Asset Type

MultiFamily

Closing

Mar 30, 2022

AI

A multifamily property located at 8741 Shoreham Dr. in West Hollywood has been sold. The transaction took place on March 31, 2022. The property, comprising 20 units with a total square footage of 14,457, was sold for a price of $6,900,000. This translates to a price per unit of $345,000 and a price per square foot of $477.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,900,000
  • Units: 20
  • Price per Unit: $345,000
  • Total Square Footage: 14,457
  • Price per Square Foot: $477
  • Address: 8741 Shoreham Dr., West Hollywood

The buyer, Bryan Cranty, purchased the property from Vivian Neilsol. The transaction was facilitated by the brokers Jonathan Taksa and Rob Renshaw from Taksa Investment Group.

Players

Jonathan Taksa

Taksa Investment Group

Broker

$597.2M

vol

62 deals

Broker

Bryan Cranty

Buyer

$22.1M

vol

2 deals

Buyer

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

2.30%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93