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Linder Roost Acquires Student Housing In Westwood Village For $3.8M

Property Image
SOLD
$3,800,000

California

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Other5,698 SF
Sold 09/23/2021
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Property Image
SOLD

Linder Roost Acquires Student Housing In Westwood Village For $3.8M

467 Midvale Avenue, Los Angeles, CA, USA

See Similar Deals
Other5,698 SF
Sold 09/23/2021
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Summary

CALIFORNIA
Asset Type:Other
Price Per Square Foot:$666
Total Square Footage:5,698 SF
Transaction Type:Sale

Located in Westwood Village, the student housing property at 467 Midvale Avenue has recently been sold for a total price of $3,800,000. Spanning over 5,698 square feet, the property offers ample space for student living. With a price per square foot of $666, the property presents a viable investment opportunity in the Westwood Village market.

Summary of transaction details:

  • Property Type: Student Housing
  • Transaction Amount: $3,800,000
  • Address: 467 Midvale Avenue
  • Market: Westwood Village

The buyer of the property was Linder Roost, while the seller was Elliott Properties California Lp, represented by Gregg Elliot of The Elliott Companies. Oron Maher acted as the buyer's representative in the transaction. The involvement of these key individuals and companies showcases the collaborative effort that took place behind the scenes to facilitate the successful sale of the student housing property at 467 Midvale Avenue.

Players

Oron Maher
31 deals$159.1M volume(415) 378-5464
BROKER

Gregg Elliott
2 deals$6.4M volume
BROKER

Details

SOLD
IMAGE: Oron Maher DATE: 09/23/2021 ADDRESS: 467 Midvale Avenue MARKET: Westwood Village ASSET TYPE: Student Housing BUYER: Linder Roost SELLER: Elliott Properties California Lp - Gregg Elliot BUYER’S REP: Oron Maher (@OronMaherRealEstate) (@MaherCommercial) SELLER’S REP: Gregg Elliott - The Elliott Companies SALE PRICE: $3,800,000 SF: 5,698 ~ PPSF: $666

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$202,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26