SoldBroker Activity · Entry № 89

They Paid $103.2 Million in 2019. CIM Just Bought It for $81.3 Million.

From August 2019 to July 2026, Domain WeHo’s sale price declined $21.9 million, or 21.2%. CIM and Hulic bought the 166-unit property using $46.5 million in financing.

PublishedJuly 21, 2026
StatusSold · Just Closed
DATELINEThe Tape · West Hollywood, Los Angeles
7141-7155 Santa Monica Blvd hero photo
FIG. 01, 7141-7155 SANTA MONICA BLVD, WEST HOLLYWOOD, CA 90046. IMAGE VIA GOOGLE STREET VIEW + ATLAS DESIGN.
Four takeawaysI wanted to know why CIM Group bought Domain WeHo because I follow this location closely and want to know the numbers.   CIM Group acquired Domain WeHo for $81.3 million, according to CoStar Research. DWS Group paid $103.2 million for the same property in August 2019.
  1. The Property Repriced 21% in Nearly Seven Years.  The numbers are: August 2019 price: $103.2 million July 2026 price: $81.3 million Price decline: 21.2% This does not mean DWS lost $21.9 million on its total investment. DWS owned the building for nearly seven years and collected rental income.
  2. Domanin WeHo:166 apartments 181,163 square feet 9,185 square feet of retail 33 affordable apartments The $449/SF price is probably the cost of constructing the building alone. Interesting Info: The original developer paid $13.6 million for the land in 2013.
  3. CIM Used Moderate Leverage.  The acquisition included $46.5 million in financing, according to CoStar Research. The estimated capital stack: Purchase price: $81.3 million Loan: $46.5 million Equity: approximately $34.8 million Loan-to-value: 57.2% Equity contribution: 42.8%
  4. Apartment price: $454,000 per unit.  Domain WeHo has 9,185 SF of retail.  At $3.50/SF per month, NNN. At a 6.5% cap rate, the retail is worth about $6 million. Take that out of the $81.3 million purchase price: Retail: $6 million Apartments: $75.3 million Apartment price: $454,000 per unit
Deal Stats · 7141-7155 Santa Monica Blvd
SALE PRICE
TBD
deed not yet recorded
Units
166
51 studio · 77 one-bed · 38 two-bed
Price / Unit (implied)
Gross SF
181,163 SF
avg 849 SF/unit
Lot SF
58,370 SF
1.34 acres · 124 units/acre
Year Built
2016
wood frame · 6 stories
Hold Period
83 months
DWS Group in · CIM Group out
Vacancy (Subject)
1.8%
vs. 6.1% submarket
Market Rent (Subject)
$3,617/mo
vs. $3,508 submarket avg
Annual Tax (2025)
$1,377,363
$8,297/unit assessed
Assessed Value
$111,191,002
2025 · APN 5531-009-035
Transit Score
70
car score 100 · cycling 50

What an Operator Sees

CIM has sold far more real estate than it has bought over the past five years. 

That tells me it is being careful or it took on way too much debt that they couldn't handle.  

Regardless, they paid about $81M for the 166 units plus retail.  

My estimates are setting aside about $6 million for the retail.

That breaks it down that CIM paid about $75.3 million for the apartments.

  • $454,000 per unit
  • CIM used $46.5 million in debt, 57% LTV.
  •  It put in about $34.8M.  
  • I like the lower debt. I also like buying a newer building at 21% below its 2019 price and near the cost to build it today.  I don't love this location.  Once you get to La Brea here the city starts to feel very different.  

The 33 affordable units limit A lot of the rent growth. But CIM bought at a much better price than the last owner so they might have ideas to bring in future Voucher tenants here if they don't have any and see if they can create more revenue.  

I'm documenting how I research the market before I invest and sharing what I learn along the way.

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Written from the field

David Safai, operator, developer, GC.

Atlas Home Builders, Inc. is a Los Angeles owner-operator and general contractor. If you are a broker with a listing you want an honest read on, send the OM and the T-12 to David@AtlasBrief.La.

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