Multifamily Asset Sold In West Hollywood For $2.4M With John Boyett & Jacob Daneshgar As Brokers
SOLD
$2,400,000
California
See Similar DealsMultiFamily4,904 SF
Sold 01/12/2026
SOLD
Multifamily Asset Sold In West Hollywood For $2.4M With John Boyett & Jacob Daneshgar As Brokers
948 Palm Avenue
See Similar DealsMultiFamily4,904 SF
Sold 01/12/2026
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$489
Total Square Footage:4,904 SF
Transaction Type:Sale
The property involved in the transaction is a multifamily asset located at 948 Palm Avenue, West Hollywood. The sale price was $2,400,000, with a total square footage of 4,904, resulting in a price per square foot of $489.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Address: 948 Palm Avenue
- Market: West Hollywood
- Square Footage: 4,904
- Price per Square Foot: $489
The transaction involved brokers John Boyett and Jacob Daneshgar, who represented the deal through CBRE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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