Updated Sep 5, 2024
Sold Off-Market: Multifamily Property At 1008 S. Orange Grove Ave. Sells For $7M By Dario Svidler, Morgan McMullin, Patrick Barakat
1008 South Orange Grove Avenue, Los Angeles, CA 90019, USA
$7,000,000
$343/SF
Building Size
20,392 SF
Asset Type
MultiFamily
Closing
Feb 13, 2020
About this deal
AI
Located at 1008 S. Orange Grove Avenue, this recently sold multifamily property is a remarkable investment opportunity. The sale took place on 02/14/2020, and it was an off-market transaction. The property consists of 17 units and spans over 20,392 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Price per Square Foot: $343.27
- Number of Units: 17
- Price per Unit: $411,764
The deal was facilitated by Dario Svidler, Morgan McMullin, and Patrick Barakat from Partners CRE. Their expertise and professionalism played a crucial role in successfully closing this transaction.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93