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467 Midvale Avenue, Los Ang...

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

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

467 Midvale Avenue, Los Angeles, CA, USA

$3,800,000

$666/SF

Building Size

5,698 SF

Asset Type

Other

Closing

Sep 23, 2021

AI

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

Maher Commercial Realty

Broker

$159.1M

vol

31 deals

Broker

Los Angeles Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93