Updated Oct 29, 2024
Raintree Partners Acquires Tamarind Terrace Apartment Complex In Hollywood Hills For $40.7M
1950 Tamarind Avenue, Central LA, Los Angeles, CA, USA
$40,700,000
$404/SF
Building Size
100,682 SF
Asset Type
Other
Closing
Apr 17, 2018
About this deal
AI
The Tamarind Terrace apartment complex in Hollywood Hills, Los Angeles has been sold for a price of $40,700,000. The complex consists of 112 units, with a per unit price of $363,392. The sale was completed on April 18, 2018. The property, located at 1950 Tamarind Avenue, features amenities including a swimming pool, spa, fitness studio, private dry saunas, and an outdoor barbecue lounge area.
Summary of transaction details
- Property Type: Apartment Complex
- Transaction Amount: $40,700,000
- Number of Units: 112
- Price per Unit: $363,392
- Seller: Silkand Engineering Associates
- Buyer: Raintree Partners - Jeffrey B. Allen
- Market: Hollywood Hills
Raintree Partners, represented by Jeffrey B. Allen, acquired the Tamarind Terrace apartment complex from Silkand Engineering Associates. The purchase includes the swimming pool, spa, fitness studio, private dry saunas, and outdoor barbecue lounge area. The transaction represents a significant investment opportunity in the Hollywood Hills real estate market.
On the Map
$40,700,000
$404/SF
Other
View full map
Players
Los Angeles Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Browse California other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93