Updated Jan 23, 2025
Veritas Purchases Multifamily Property From Raymond Homicz For $11.4 Million In Los Angeles
110 S Swall Drive
$11,400,000
Building Size
—
Asset Type
MultiFamily
Closing
May 17, 2022
About this deal
AI
The property asset involved in the transaction is a MultiFamily type located at 110 S Swall Drive in the Los Angeles market. The transaction price for this asset was $11,400,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $11,400,000.00
- Address: 110 S Swall Drive
- Market: Los Angeles
- Buyer: Veritas
- Seller: Raymond Homicz
- Brokers: Taylor Avakian - Lyon Stahl Investment Real Estate
The key individuals involved in the deal include the buyer, Veritas, and the seller, Raymond Homicz. Taylor Avakian represented the brokerage Lyon Stahl Investment Real Estate in this transaction.
On the Map
$11,400,000
MultiFamily
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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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93