Updated May 15, 2026
Colliers' Kitty Wallace Represents Seller In $16 Million Sale Of 28-Unit Multifamily In Hollywood
1759 North Gower Street
$16,000,000
Units
28
Asset Type
MultiFamily
Closing
May 15, 2026
About this deal
AI
Sophia Hollywood is a 28-unit Class A multifamily property located at 1759 North Gower Street in Hollywood, CA. The property, completed in 2024, was sold for $16 million, equating to approximately $571,429 per unit, signifying the highest price-per-unit multifamily trade in Hollywood in over three years.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $16,000,000
- Units: 28
- Price Per Unit: $571,429
- Address: 1759 North Gower Street
- Market: Hollywood, CA
- Broker: Kitty Wallace - Colliers
Kitty Wallace, Vice Chair at Colliers, represented the seller in this transaction, highlighting the involvement of a prominent real estate brokerage in facilitating the deal for this newly built, condo-quality asset.
On the Map
$16,000,000
MultiFamily
View full map
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Kitty Wallace to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93