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943 North Gardner Street

Matthew Kanner Brokers $2.99M Sale Of West Hollywood Multifamily Property
SOLDMultiFamily

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.

Players

Matthew Kanner

Keller Williams Realty

Broker

$96.3M

vol

10 deals

Broker

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

5.31%

Cash-on-Cash

-1.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93