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11966 Moorpark Street, Stud...

Clark Everitt & William Everitt Acquire Multifamily Property On Moorpark St. In Los Angeles For $6.7M
SOLDMultiFamily

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.

Players

Clark Everitt

IREA

Broker

$72.9M

vol

9 deals

Broker

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