Clark Everitt & William Everitt Acquire Multifamily Property On Moorpark St. In Los Angeles For $6.7M
11966 Moorpark Street, Studio City, CA, USA
$6,700,000
$925/SF
Building Size
7,237 SF
Asset Type
MultiFamily
Closing
Apr 21, 2021
AI
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.
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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93