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.
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