Updated Dec 4, 2024
John Barrentine Buys Multifamily Asset In Los Angeles For $2.29M
1046 South Hudson Avenue
$2,290,000
$502/SF
Building Size
4,558 SF
Asset Type
MultiFamily
Closing
Jun 7, 2024
About this deal
AI
In Los Angeles, a multifamily property located at 1046 South Hudson Avenue was sold for $2,290,000. The transaction, facilitated by John Barrentine of Keller Williams representing the buyer and Nicholas Mercado of Sotheby's International Realty representing the seller, reflects a price per square foot of $502 for the 4,558-square-foot asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,290,000
- Address: 1046 South Hudson Avenue
- Market: Los Angeles
- Square Footage: 4,558
- Price per Square Foot: $502
- Buyer's Rep: John Barrentine - Keller Williams
- Seller's Rep: Nicholas Mercado - Sotheby's International Realty
John Barrentine from Keller Williams represented the buyer in the transaction, while Nicholas Mercado from Sotheby's International Realty represented the seller.
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
6.93%
Cash-on-Cash
-1.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93