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1143 Glenville Drive, Los A...

Updated Oct 28, 2024

Moose Family Leases Multifamily Property At 1143 Glenville Dr. In Los Angeles
LEASEDMultiFamily

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.

Players

Fred Nabati

Trimax Realty & Loan

Broker

$108.8M

vol

61 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

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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

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