Updated Oct 29, 2024
Pacific Urban Residential Acquires MultiFamily Property From 1800 New Hampshire Associates LLC For $55M
1800 N New Hampshire Ave, Los Ange...
$55,000,000
$482/SF
Building Size
114,000 SF
Asset Type
MultiFamily
Closing
Aug 30, 2018
About this deal
AI
The Los Feliz Club Apartments, a four-story multi-family property located at 1800 N New Hampshire Ave in Los Angeles, was recently acquired by Pacific Urban Residential for $55,000,000. The apartment complex spans 114,000 square feet and comprises 134 units. The sellers of the property were 1800 New Hampshire Associates LLC and five individuals, along with Netanel Family LLC.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $55,000,000.00
- Buyer: Pacific Urban Residential
- Seller: 1800 New Hampshire Associates LLC and five individuals, along with Netanel Family LLC
- Address: 1800 N New Hampshire Ave, Los Angeles
- Square Footage: 114,000 sq ft
- Buyer's Rep: Kitty Wallace (Colliers International)
The apartment community was sold by a Woodland Hills-based TIC known as 1800 New Hampshire Associates LLC and 1800 New Hampshire Avenue Investors. The buyer, Pacific Urban Residential, is a private multi-family investment firm based in Palo Alto that completed the acquisition of the property in a noteworthy deal.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $482 per square foot on a published $55M for 114,000 square feet (2018).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93