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Laura Davis Of Re/Max Estate Properties Represents Buyer In $2.65M Los Angeles Multifamily Sale

Property Image
SOLD
$2,650,000

California

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MultiFamily7,014 SF
Sold 10/11/2024
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Property Image
SOLD

Laura Davis Of Re/Max Estate Properties Represents Buyer In $2.65M Los Angeles Multifamily Sale

11755 Nebraska Avenue

See Similar Deals
MultiFamily7,014 SF
Sold 10/11/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$377
Total Square Footage:7,014 SF
Transaction Type:Sale

A multifamily property located at 11755 Nebraska Avenue in Los Angeles has been sold for $2.65 million. The property encompasses 7,014 square feet and is priced at $378 per square foot. The asset is situated near Sawtelle and Santa Monica, offering a combination of under-market rent units that present value-add potential through modernization and is located opposite Stoner Park.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,650,000
  • Square Footage: 7,014
  • Price Per Square Foot: $378
  • Address: 11755 Nebraska Avenue
  • Market: Los Angeles
  • Buyer's Representative: Laura Davis - Re/Max Estate Properties
  • Seller's Representatives: David Martinez & Lee Ziff - Keller Williams Beverly Hills

The transaction was facilitated by Laura Davis from Re/Max Estate Properties, representing the buyer, while the seller was represented by David Martinez and Lee Ziff from Keller Williams Beverly Hills. The deal highlights the collaboration between these real estate professionals in managing this multifamily asset transaction.

Players

Lee Ziff
3 deals$7.5M volume(310) 991-3977
BROKER

David Martinez
Keller Williams Realty
2 deals$4.7M volume(310) 991-3977
BROKER

Laura Davis
Re/Max
1 deal$2.7M volume(310) 490-0474
BROKER

Details

SOLD
IMAGE: Laura Davis, David Martinez & Lee Ziff DATE: 10/11/2024 ADDRESS: 11755 Nebraska Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER'S REP: Laura Davis - Re/Max Estate Properties SELLER'S REP: David Martinez & Lee Ziff (@LeeZiffla) - Keller Williams Beverly Hills (@KWOfBeverlyHills) SALE PRICE: $2,650,000 SF: 7,014 ~ PPSF: $378 NOTE: A multifamily property at 11755 Nebraska Avenue in Los Angeles sold for $2.65 million, represented by Re/Max Estate Properties and Keller Williams. The building, located near Sawtelle and Santa Monica, offers a mix of under-market rent units with significant value-add potential through modernization, situated across from Stoner Park.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$141,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22