Updated Oct 29, 2024
Olympus Property Acquires West Hollywood Multifamily For $112.5M
915 North La Brea Ave,West Hollywood, Los Angeles,California
$112,500,000
Units
179
Asset Type
MultiFamily
Closing
Mar 14, 2023
About this deal
AI
Olympus Property has recently acquired a multifamily property located at 915 North La Brea Ave in West Hollywood, Los Angeles. The transaction took place on March 14, 2023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $112,500,000
- Address: 915 North La Brea Ave
- Market: West Hollywood, Los Angeles
Berkadia's brokers, Derrek Ostrzyzek, Tom Moran, Rachel Parsons, and Mike Murphy, facilitated the deal on behalf of Olympus Property.
This transaction involved the purchase of 179 units at a price of $628,492 per unit. The property was located in the vibrant market of West Hollywood, Los Angeles.
On the Map
$112,500,000
MultiFamily
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Players
Los Angeles 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93