Matthew Kanner Brokers $2.99M Sale Of West Hollywood Multifamily Property
943 North Gardner Street
$2,990,000
$464/SF
Building Size
6,440 SF
Asset Type
MultiFamily
Closing
May 3, 2024
AI
943 North Gardner Street, a Mid-Century 8-unit multifamily property in West Hollywood, was sold for $2,990,000. The property offers significant investment potential in a highly desirable location with easy access to amenities, employment centers, and recreational options. Boasting a WalkScore of 93, this property is positioned for strong returns in one of Southern California's most sought-after rental markets.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,990,000
- Units: 8
- Price Per Unit: $373,750
- Square Footage: 6,440
- Price Per Square Foot: $464
- Address: 943 North Gardner Street
- Market: West Hollywood
The deal was facilitated by Matthew Kanner from Keller Williams. As 's representative, he played a key role in the successful sale of the Mid-Century multifamily property. Representing the buyer or seller, the involvement of Matthew Kanner underlines the expertise and professionalism in navigating real estate transactions in the West Hollywood area.
West Hollywood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.31%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93