Clark Everitt & William Everitt Acquire Multifamily Property On Moorpark St. In Los Angeles For $6.7M
SOLD
$6,700,000
California
See Similar DealsMultiFamily7,237 SF
Sold 04/22/2021
SOLD
Clark Everitt & William Everitt Acquire Multifamily Property On Moorpark St. In Los Angeles For $6.7M
11966 Moorpark Street, Studio City, CA, USA
See Similar DealsMultiFamily7,237 SF
Sold 04/22/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$925
Total Square Footage:7,237 SF
Transaction Type:Sale
The multifamily property located at 11966 & 11974 Moorpark St. in Los Angeles has been sold for a total price of $6,700,000. The transaction took place on April 22, 2021, and was facilitated by brokers Clark Everitt & William Everitt. The property consists of 20 units, with a price per unit of $335,000. The total square footage of the property is 7,237, with a price per square foot of $925.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,700,000
- Units: 20
- Price per Unit: $335,000
- Square Footage: 7,237
- Price per Square Foot: $925
- Address: 11966 & 11974 Moorpark St.
- Market: Los Angeles
Clark Everitt & William Everitt, representing their agency, played a key role in the successful completion of this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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