Updated Dec 4, 2024
@SlatePropertyGroup Acquires Multifamily In Hollywood For $39M With Pacific Partners Real Estate
Hollywood, Los Angeles, CA, USA
$39,000,000
Units
157
Asset Type
Single Family Residence
Closing
Jan 10, 2019
About this deal
AI
A multifamily property located at 1245 Vine Street and 1665 Sycamore Avenue in Hollywood has been sold for $39,000,000. The buyer of the property is Slate Property Group. The transaction took place on January 10, 2019. The property consists of 157 units, with a price per unit of $248,407.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $39,000,000
- Address: 1245 Vine Street & 1665 Sycamore Avenue
- Market: Hollywood
Zac Freehling, Jason Shenitzer, and Michael Aspinwall from Pacific Partners Real Estate represented Slate Property Group in the deal.
On the Map
$39,000,000
Single Family Residence
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Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93