Rachel Ghatan Acquires Multifamily Property In Pico Robertson For $2.62M
1042 South Sherbourne Drive, Los Angeles, California 90035, United States
$2,620,000
$493/SF
Building Size
5,312 SF
Asset Type
MultiFamily
Closing
Dec 17, 2021
AI
A multifamily property located at 1042 S. Sherbourne in the Pico Robertson neighborhood was recently sold for $2,620,000. The property consists of 6 units with a total square footage of 5,312. The price per unit was approximately $436,666, and the price per square foot was $493.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,620,000
- Date: 12/17/2021
- Address: 1042 S. Sherbourne
- Market: Pico Robertson
The buyer of the property was Rachel Ghatan, while the seller was the Santos Family. The deal was facilitated by Sam Liberow, Max Gersht, and Neema Ahadian of Marcus & Millichap.
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
6.05%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93