Updated Jan 23, 2025
Olympus Property Acquires MultiFamily Asset At 915 N La Brea Ave For $112.5M
915 N La Brea Ave
$112,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 1, 2023
About this deal
AI
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.
On the Map
$112,500,000
MultiFamily
View full map
Players
West Hollywood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse West Hollywood multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93