Updated Feb 13, 2025
Robert Kiminecz Sells Multifamily Property At 923 Westbourne Dr In West Hollywood For $2.66M
923 Westbourne Drive, West Hollywood, CA 90069
$2,662,500
$575/SF
Building Size
4,626 SF
Asset Type
MultiFamily
Closing
Dec 28, 2021
About this deal
AI
The property sold is a multifamily asset located at 923 Westbourne Dr. in West Hollywood. The sale price was $2,662,500, which translates to a price per unit of $443,750. The asset comprises 6 units and has a total square footage of 4,626, resulting in a price per square foot of $575.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,662,500
- Units: 6
- Price Per Unit: $443,750
- Square Footage: 4,626
- Price Per Square Foot: $575
- Seller: Robert Kiminecz
- Seller's Representative: Michael Kamara & Michael Sterman - Marcus & Millichap
- Date of Sale: 12/28/2021
- Market: West Hollywood
Michael Kamara and Michael Sterman represented the seller, Robert Kiminecz, in this transaction. The deal reflects their expertise in the multifamily property sector within the West Hollywood market.
Players
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
5.96%
Cash-on-Cash
-1.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93