Russell Berney Acquires Brentwood Multifamily For $37.5M With Jonathan Taksa's Taksa Investment Group
11677 Goshen Avenue, Los Angeles, California 90049, United States
$37,500,000
$634/SF
Building Size
59,071 SF
Asset Type
MultiFamily
Closing
Jun 29, 2022
AI
The multifamily property located at 11677 & 11683 Goshen Avenue in Brentwood has been sold for a total of $37,500,000. The sale, which took place on June 30, 2022, involved 68 units with an average price per unit of $551,470. The property spans a total square footage of 59,071, resulting in a price per square foot of $635.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $37,500,000
- Units: 68
- Price Per Unit: $551,470
- Square Footage: 59,071
- Price Per Square Foot: $635
- Market: Brentwood
Russell Berney has purchased the property from Jeffrey Nemoy. The transaction was facilitated by Jonathan Taksa of Taksa Investment Group.
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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93