Updated Oct 28, 2024
Moose Family Leases Multifamily Property At 1143 Glenville Dr. In Los Angeles
1143 Glenville Drive, Los Angeles, CA 90035, USA
Building Size
13,000 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
A 13-unit multifamily property located at 1143 Glenville Dr. in Los Angeles has been leased. The property was leased by Moose Family to 13 tenants. The lease deal was facilitated by Fred Nabati from Trimax Realty Inc.
Summary of Transaction Details
- Property Type: Multifamily
- Address: 1143 Glenville Dr., Los Angeles
- Market: Los Angeles
- Landlord: Moose Family
- Tenant: 13 Tenants
- Broker: Fred Nabati - Trimax Realty Inc.
- Asking Rent: $38,748/ft. ~ SF: 13,000
We were referred to Ownership from a prior satisfied client in leasing their 19-unit Building. In previewing this newly developed 13-unit property we created a full marketing plan/campaign, direct tenant inquiry text messaging system, custom lease template, and put the leasing team in place for active showings. We were able get all units leased at market rate just under 3 months. If you have a new or existing building that needs leasing, please contact Fred Nabati (DRE at Trimax Realty, Inc. - 424-704-3373.
Los Angeles MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93