Updated May 12, 2025
Ryan Rembert & Mason Rowland Of KW Commercial Sell Office/SFR In West Hollywood For $18M
8981 West Sunset Boulevard, 8972 Shoreham Drive & 8974 Shoreham Drive
$18,000,000
$122/SF
Building Size
49,000 SF
Asset Type
MultiFamily
Closing
Mar 6, 2025
About this deal
AI
The transaction involved three properties located at 8981 West Sunset Boulevard, 8972 Shoreham Drive, and 8974 Shoreham Drive in the West Hollywood market. The office and single-family residence assets sold for a total price of $18,000,000, encompassing a total square footage of 49,000, resulting in a price per square foot of $367.
Summary of transaction details:
- Property Type: Office/SFR
- Transaction Amount: $18,000,000
- Square Footage: 49,000
- Price Per Square Foot: $367
- Market: West Hollywood
- Seller's Representative: Ryan Rembert & Mason Rowland - KW Commercial
The deal was facilitated by the seller's representatives, Ryan Rembert and Mason Rowland, who are associated with KW Commercial, highlighting their role in managing the transaction successfully.
On the Map
$18,000,000
$122/SF
MultiFamily
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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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93