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8981 West Sunset Boulevard

Ryan Rembert & Mason Rowland Of KW Commercial Sell Office/SFR In West Hollywood For $18M
SOLDMultiFamily

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

147,000 SF

Asset Type

MultiFamily

Closing

Mar 6, 2025

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.

Players

Ryan Rembert

Keller Williams Realty

Broker

$230.8M

vol

11 deals

Broker

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