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Christina Development Sells El Palacio Apartments In West Hollywood For $15.75M With Northmarq's Goldstein & Schellinger

Property Image
SOLD
$15,750,000
Steven Goldstein
Bryan Schellinger

California

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MultiFamily21,882 SF
Sold 08/14/2020
the dealplayerscompscontact
Property Image
SOLD

Christina Development Sells El Palacio Apartments In West Hollywood For $15.75M With Northmarq's Goldstein & Schellinger

8491 Fountain Avenue, West Hollywood, CA, USA

See Similar Deals
MultiFamily21,882 SF
Sold 08/14/2020
Steven Goldstein
Bryan Schellinger
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$719
Total Square Footage:21,882 SF
Transaction Type:Sale

The El Palacio Apartments located at 8491 - 8499 Fountain Avenue in West Hollywood have been sold for a total price of $15,750,000. This multifamily property spans approximately 21,882 square feet with a price per square foot of $720. The transaction took place on August 14, 2020, and involved the sale of 18 units at a per unit price of $875,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $15,750,000
  • Address: 8491 - 8499 Fountain Avenue, West Hollywood
  • Market: West Hollywood

The seller of the property was Christina Development, and the deal was facilitated by brokers Steven Goldstein and Bryan Schellinger from Northmarq. This was an off-market transaction, implying that the property was not publicly listed for sale. It is worth noting that the El Palacio Apartments have a Mills Act contract in place, highlighting the historical significance of the property. For further information, interested parties can directly contact Steven Goldstein via email at [email protected].

Players

Bryan Schellinger
NorthMarq
Bryan Schellinger
11 deals$567.7M volume(424) 422-0905
BROKER
Steven Goldstein
NorthMarq
Steven Goldstein
12 deals$260M volume
BROKER
M Development
M Development
SELLER

Details

SOLD
IMAGE: Steven Goldstein & Bryan Schellinger DATE: 08/14/2020 ADDRESS: El Palacio Apartments, 8491 - 8499 Fountain Avenue MARKET: West Hollywood ASSET TYPE: Multifamily SELLER: Christina Development BROKERS: Steven Goldstein, Bryan Schellinger - Northmarq PRICE: $15,750,000 SF: 21,882 ~ PPSF: $720 UNITS: 18 PPU: $875,000 NOTES: Off-Market transaction. Historical Property with Mills Act contract in place. For more info, please contact Steven directly: 📧 [email protected]

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