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8985 Keith Ave

8985 Keith Ave, West Hollywood, CA 90069, USA

$1,845,000

CLOSED

March 4, 2025

SALE PRICE

$1,845,000

UNITS

4

PRICE PER UNIT

$461,250

PRICE PER SF

$806.38

CAP RATE

4.63%

GRM

15.47

Deal Story

Selling Agent

The Tuvia Group closed 8985 Keith Ave, a four-unit property in West Hollywood, at just over $800 per square foot — the highest price per square foot achieved for a 4+ unit building in the area in nearly a year. The transaction was completed amid a challenging market environment where increased inventory and economic uncertainty had buyers seeking significant discounts. Despite those headwinds, the buyer recognized the long-term opportunity and secured 99% LTV financing through a VA loan, allowing the deal to successfully close.

Jason Tuvia

Senior Managing Director Investments

(818) 212-2735

Nick Mejerski

Associate Director Investments

(818) 212-2728

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818-212-2735

Marcus & Millichap

16830 Ventura Blvd #100

Encino, CA 91346

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License

#01772495

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