facebook
Traded Co logo
Submit
Daily limit: 0/10

Michael Sterman Of Marcus & Millichap Facilitates $4.975M Sale Of LA Multifamily

Property Image
SOLD
$4,975,000

California

See Similar Deals
MultiFamily20,450 SF
Sold 05/03/2024
the dealplayerscompscontact
Property Image
SOLD

Michael Sterman Of Marcus & Millichap Facilitates $4.975M Sale Of LA Multifamily

10915 Rose Avenue

See Similar Deals
MultiFamily20,450 SF
Sold 05/03/2024
Contact now

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.

Players

Michael Sterman
39 deals$307.7M volume(818) 943-2319
BROKER

Details

SOLD
IMAGE: Michael Sterman DATE: 05/03/2024 ADDRESS: 10915 Rose Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BROKER: Michael Sterman (@Mikeylikezit) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $4,975,000 SF: 20,450 ~ PPSF: $243 NOTE: In Los Angeles, broker Michael Sterman of Marcus & Millichap facilitated the sale of a multifamily property located at 10915 Rose Avenue for $4,975,000. The property spans 20,450 square feet, with a price per square foot of $243.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
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