Jonathan Stein Acquires Multifamily Property From Phillip Carter In Los Angeles For $1.5M
SOLD
$1,500,000
California
See Similar DealsMultiFamily6,083 SF
Sold 03/22/2024
SOLD
Jonathan Stein Acquires Multifamily Property From Phillip Carter In Los Angeles For $1.5M
11457 Venice Boulevard
See Similar DealsMultiFamily6,083 SF
Sold 03/22/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$246
Total Square Footage:6,083 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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