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Steve Geller & Jonathan Taksa Facilitate $3.65M Multifamily Sale In Los Angeles
SOLD
$3,645,000
California
See Similar DealsMultiFamily8,822 SF
Sold 04/12/2024
SOLD
Steve Geller & Jonathan Taksa Facilitate $3.65M Multifamily Sale In Los Angeles
110 North Kings Road
See Similar DealsMultiFamily8,822 SF
Sold 04/12/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$413
Total Square Footage:8,822 SF
Transaction Type:Sale
The multifamily property located at 110 North Kings Road in Los Angeles was recently sold for $3,645,000. The property spans 8,822 square feet, resulting in a price per square foot of $413.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,645,000
- Address: 110 North Kings Road
- Market: Los Angeles
- Buyer's Representative: Steve Geller - Coldwell Banker
- Seller's Representative: Jonathan Taksa - Taksa Investment Group
- Square Footage: 8,822
- Price per Square Foot: $413
Steve Geller from Coldwell Banker represented the buyer, while Jonathan Taksa from Taksa Investment Group represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,949.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,279.16
Annual Debt Service$207,349.92
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