Olympus Property Acquires MultiFamily Asset At 915 N La Brea Ave For $112.5M
SOLD
$112,500,000
California
See Similar DealsMultiFamily
Sold 03/01/2023
SOLD
Olympus Property Acquires MultiFamily Asset At 915 N La Brea Ave For $112.5M
915 N La Brea Ave
See Similar DealsMultiFamily
Sold 03/01/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
A multi-family asset located at 915 N La Brea Ave in West Hollywood has been sold for $112,500,000.00. This transaction reflects a significant investment in the multi-family sector in a prominent market area.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $112,500,000.00
- Address: 915 N La Brea Ave
- Market: West Hollywood
- Buyer: Olympus Property
- Brokers: Derrek Ostrzyzek, CBRE
The deal showcases Olympus Property as the buyer, highlighting their commitment to expanding their portfolio in urban areas. Derrek Ostrzyzek from CBRE represented the interests of the buyer throughout the transaction process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,000,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$399,688.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$533,307.39
Annual Debt Service$6,399,688.74
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