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Michael Sterman Of Marcus & Millichap Facilitates $4.975M Sale Of LA Multifamily
SOLD
$4,975,000
California
See Similar DealsMultiFamily20,450 SF
Sold 05/03/2024
SOLD
Michael Sterman Of Marcus & Millichap Facilitates $4.975M Sale Of LA Multifamily
10915 Rose Avenue
See Similar DealsMultiFamily20,450 SF
Sold 05/03/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$243
Total Square Footage:20,450 SF
Transaction Type:Sale
The multifamily property located at 10915 Rose Avenue in Los Angeles was sold for $4,975,000. The property spans 20,450 square feet, resulting in a price per square foot of $243.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,975,000
- Address: 10915 Rose Avenue
- Market: Los Angeles
- Broker: Michael Sterman - Marcus & Millichap
- Square Footage: 20,450
- Price Per Square Foot: $243
Michael Sterman of Marcus & Millichap represented the parties involved in the sale of the multifamily property at 10915 Rose Avenue in Los Angeles, facilitating the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$265,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,675.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,584.04
Annual Debt Service$283,008.46
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