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
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