SOLD
Christina Development Sells El Palacio Apartments In West Hollywood For $15.75M With Northmarq's Goldstein & Schellinger
El Palacio Apartments, 8491 - 8499 Fountain Avenue
MultiFamily
21,882 SF
21,882 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
21,882 sqft
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
All
3
Agents
2
Agencies
1
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]View on map
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AddressEl Palacio Apartments, 8491 - 8499 Fountain Avenue
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