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120 North Orlando Avenue

Updated Dec 4, 2024

Nina Bokaei & Sean Sadri Of Innovate Realty Acquires Beverly Grove Triplex Multifamily In Los Angeles For $2.15M As Buyer's Rep
SOLDMultiFamily

Nina Bokaei & Sean Sadri Of Innovate Realty Acquires Beverly Grove Triplex Multifamily In Los Angeles For $2.15M As Buyer's Rep

120 North Orlando Avenue

$2,150,000

$539/SF

Building Size

3,988 SF

Asset Type

MultiFamily

Closing

Apr 17, 2024

About this deal

AI

The property at 120 North Orlando Avenue in Los Angeles was sold for $2,150,000. This multifamily asset spans 3,988 square feet, amounting to a price per square foot of $539. The transaction was facilitated by Nina Bokaei and Sean Sadri from Innovate Realty, representing the buyer, while Adam Peterson from CBRE acted as the seller's representative.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,150,000
  • Market: Los Angeles
  • Buyer's Representative: Nina Bokaei & Sean Sadri - Innovate Realty
  • Seller's Representative: Adam Peterson - CBRE

The triplex acquired by the buyer offers an ideal unit mix of all 2-bedroom units. With approximately 26% potential upside in rents and the opportunity for additional ADUs at the rear, the property is situated in Beverly Grove, a prime location central to various amenities and popular neighborhoods. This makes it highly sought after by renters and young professionals in the entertainment industry.

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$2,150,000

$539/SF

MultiFamily

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Players

Adam Peterson

CBRE

Broker

$27.2M

vol

4 deals

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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $539 per square foot on a published $2.2M for 3,988 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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