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8997 Keith Ave

8997 Keith Ave, West Hollywood, CA 90069, USA

$1,900,000

CLOSED

July 18, 2024

SALE PRICE

$1,900,000

UNITS

4

PRICE PER UNIT

$475,000

PRICE PER SF

$743.93

CAP RATE

4.47%

GRM

15.59

Deal Story

Selling Agent

The Tuvia Group successfully coordinated a unique transaction in which existing tenants became the property’s buyers and first-time multifamily investors. Representing both sides, the team fully marketed the asset to create leverage for the seller while navigating the complexities of a tenant purchase. The transaction ultimately achieved the second-highest price per square foot in West Hollywood through July 2024, closing at a 4.47% cap rate and 15.59 GRM.

Jason Tuvia

Senior Managing Director Investments

(818) 212-2735

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Contact

Address

Social

Call

818-212-2735

Marcus & Millichap

16830 Ventura Blvd #100

Encino, CA 91346

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License

#01772495

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