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Marcus & Millichap Brokered Sale Of Hollywood Multifamily Property For $5.5M

753 Lillian Way
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This MultiFamily property located in CA was sold for $5,500,000 almost 5 years ago. The brokers of the deal were Tommy Isola, Jr Louie, Glen Scher, and Filip (Fil) Niculete

A multifamily property located at 753 Lillian Way in Hollywood has been sold for $5,500,000. The property spans 9,070 square feet and has 8 units, resulting in a price per square foot of $606.33. The purchase price per unit is $687,500. The capitalization rate is 4.91% and the gross rent multiplier is 14.69.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,500,000
  • Square Footage: 9,070
  • Price per Square Foot: $606.33
  • Number of Units: 8
  • Price per Unit: $687,500
  • Capitalization Rate: 4.91%
  • Gross Rent Multiplier: 14.69

The sale was facilitated by brokers Filip Niculete, Glen Scher, JR Louie from Marcus & Millichap, and also involved Tommy Isola from Lee & Associates.

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Deals
  • Location
    753 Lillian Way, Los Angeles, CA, USA753 Lillian Way, Los Angeles, CA, USA
  • Sale Price
    $5,500,000$5,500,000
    $606 PPSF$606 PPSF
  • Area
    9,070 SF9,070 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Tommy Isola

Tommy Isola

Deals12
Sold$207.1M

Glen Scher

Glen Scher

Deals161
Sold$624.5M

Agencies

Colliers International

Colliers International

Agency
Deals1674
Volume$36.2B

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Filip Niculete, Glen Scher & JR Louie @laapartmentadvisors DATE: 06/11/2019 ADDRESS: 753 Lillian Way MARKET: Hollywood ASSET TYPE: Multifamily PRICE: $5,500,000 SF: 9,070 PPSF: $606.33 UNITS: 8 PPU: $687,500 CAP: 4.91% GRM: 14.69 BROKERS: Filip Niculete, Glen Scher & JR Louie - Marcus & Millichap, Tommy Isola - Lee & Associates

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753 Lillian Way

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