Sam Liberow And Max Gersht Acquire 16-Unit Multifamily In West Hollywood For $5.9M

1020-1026 N. Crescent Heights Blvd, a multifamily property located in West Hollywood, has been sold for $5,900,000. The property spans a total of 15,335 square feet, with each unit priced at $368,750. The sale price per square foot is calculated at $384.72. This transaction involved 16 units, resulting in a capitalization rate of 3.12% and a gross rent multiplier of 18.28.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,900,000
• Address: 1020-1026 N. Crescent Heights Blvd
• Market: West Hollywood
• Square Footage: 15,335
• Price Per Square Foot: $384.72
• Number of Units: 16
• Price Per Unit: $368,750
• Capitalization Rate: 3.12%
• Gross Rent Multiplier: 18.28

The sale of this property was facilitated by Sam Liberow from @Sam_Liberow and Max Gersht from @TheLiberowGroup and @maximillian_realty.