Rachel Ghatan Acquires Multifamily Property In Pico Robertson For $2.62M
SOLD
$2,620,000
California
See Similar DealsMultiFamily5,312 SF
Sold 12/17/2021
SOLD
Rachel Ghatan Acquires Multifamily Property In Pico Robertson For $2.62M
1042 South Sherbourne Drive, Los Angeles, California 90035, United States
See Similar DealsMultiFamily5,312 SF
Sold 12/17/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$493
Total Square Footage:5,312 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$139,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,308.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,420.14
Annual Debt Service$149,041.64
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