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915 North La Brea Ave,West ...

Olympus Property Acquires West Hollywood Multifamily For $112.5M
SOLDMultiFamily

Olympus Property Acquires West Hollywood Multifamily For $112.5M

915 North La Brea Ave,West Hollywood, Los Angeles,California

$112,500,000

Building Size

Asset Type

MultiFamily

Closing

Mar 14, 2023

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.

Players

Tom Moran

Berkadia

Broker

$265.5M

vol

3 deals

Broker
Olympus Property
Olympus PropertyBuyer

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