Updated Dec 19, 2023
Susan And Daniel Booker Acquire 6-Unit Multifamily Property In West Los Angeles
10561 Missouri Avenue, Los Angeles, CA 90025, USA
$3,790,000
$476/SF
Building Size
7,952 SF
Asset Type
MultiFamily
Closing
Jul 8, 2020
About this deal
AI
The multifamily property located at 10561 Missouri Ave. in West Los Angeles has been sold. The property consists of 6 units with a total square footage of 7,952. The asking price for the property was $3,595,000, and it was sold for $3,790,000, indicating a sale price higher than the asking price. This translates to a price per unit (PPU) of $631,667 and a price per square foot (PPSF) of $476. The property has a gross rent multiplier (GRM) of 18.03x and a capitalization rate (CAP) of 3.23%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,790,000
- Address: 10561 Missouri Ave., West Los Angeles
- Market: West Los Angeles
- Units: 6
- PPU: $631,667
- SF: 7,952
- PPSF: $476
- GRM: 18.03x
- CAP: 3.23%
Susan Booker and Daniel Booker have purchased the property from Scott Hervey. The deal was facilitated by Brian Grossman and Jeff Louks, who acted as the brokers representing the parties involved in the 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
4.19%
Cash-on-Cash
-1.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93