Tanya Ford Purchases Multifamily Property From Maurice Dru In West Hollywood For $2.6M

The property asset involved in the transaction is a multifamily unit located at 1016 North Crescent Heights Boulevard, West Hollywood. It has a sale price of $2,600,000 and consists of 8 units, with a price per unit of $325,000. The total square footage is 7,650, resulting in a price per square foot of $339.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,600,000
• Address: 1016 North Crescent Heights Boulevard
• Market: West Hollywood
• Units: 8
• Price Per Unit: $325,000
• Square Footage: 7,650
• Price Per Square Foot: $339
• Buyer: Tanya Ford
• Seller: Maurice Dru
• Brokers: Akash Saini & Jennifer Buchanan - Keller Williams Realty

The transaction was characterized by a high level of interest due to the asset’s strong unit mix and potential for upside. Multiple offers were generated as buyers recognized the uniqueness of purchasing a property in a prime West Hollywood location. The expertise of the brokers played a crucial role in facilitating a swift and efficient transaction.