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.
At a glance
deed not yet recorded
51 studio · 77 one-bed · 38 two-bed
avg 849 SF/unit
1.34 acres · 124 units/acre
wood frame · 6 stories
DWS Group in · CIM Group out
What matters
- 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.
- 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.
- 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%
- 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
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.
I research these transactions to sharpen my own investment strategy and share what I find so Los Angeles owners, brokers and investors can debate the market with better information.
Know one other LA owner who'd want this deal? Forward this — reply with their email and I'll add them.
Property and transaction data: CoStar Research.
Write to David Safai at David@AtlasBrief.La
Appeared in the Sept. 6, 2026 edition of The Tape.