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948 Palm Avenue

Multifamily Asset Sold In West Hollywood For $2.4M With John Boyett & Jacob Daneshgar As Brokers
SOLDMultiFamily

Multifamily Asset Sold In West Hollywood For $2.4M With John Boyett & Jacob Daneshgar As Brokers

948 Palm Avenue

$2,400,000

$489/SF

Building Size

4,904 SF

Asset Type

MultiFamily

Closing

Jan 12, 2026

AI

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.

Players

John Boyett

CBRE

Broker

$190.7M

vol

32 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

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93