Jonathan Stein Acquires Multifamily Property From Phillip Carter In Los Angeles For $1.5M
11457 Venice Boulevard
$1,500,000
$246/SF
Building Size
6,083 SF
Asset Type
MultiFamily
Closing
Mar 22, 2024
AI
The multifamily property located at 11457 Venice Boulevard in Los Angeles was sold for $1,500,000. The asset comprises 7 units with a price per unit of $214,286 and spans a total of 6,083 square feet, resulting in a price per square foot of $247.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Buyer: Jonathan Stein
- Seller: Phillip Carter
- Broker: Ariel Sayani - Partners CRE
The transaction was facilitated by Ariel Sayani from Partners CRE, representing the buyer and seller in the deal.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93