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

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SOLD
$2,990,000

California

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MultiFamily6,440 SF
Sold 05/03/2024
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Property Image
SOLD

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

943 North Gardner Street

See Similar Deals
MultiFamily6,440 SF
Sold 05/03/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$464
Total Square Footage:6,440 SF
Transaction Type:Sale

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
10 deals$96.3M volume
BROKER

Details

SOLD
IMAGE: Matthew Kanner DATE: 05/03/2024 ADDRESS: 943 North Gardner Street MARKET: West Hollywood ASSET TYPE: Multifamily BROKER: Matthew Kanner (@MattyK_la) - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $2,990,000 UNITS: 8 ~ PPU: $373,750 SF: 6,440 ~ PPSF: $464 NOTE: 943 North Gardner Street, a Mid-Century 8-unit multifamily property in West Hollywood, was sold for $2,990,000, featuring a mix of vacant units and offering significant investment potential in a highly desirable location with easy access to amenities, employment centers, and recreational options. The property boasts a WalkScore of 93 and is positioned for strong returns in one of Southern California's most sought-after rental markets.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$10,622.83
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