Nathan Stein Acquires Valley Village Multifamily Property For $7.125M
SOLD
$7,125,000
California
See Similar DealsMultiFamily23,973 SF
Sold 12/27/2023
SOLD
Nathan Stein Acquires Valley Village Multifamily Property For $7.125M
12015 Kling Street
See Similar DealsMultiFamily23,973 SF
Sold 12/27/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$297
Total Square Footage:23,973 SF
Transaction Type:Sale
The multifamily property located at 12015 Kling Street in Valley Village has been sold in a transaction dated 12/27/2023. The property consists of 24 units, with a price per unit of $296,875. The total square footage of the property is 23,973, resulting in a price per square foot of $297. The sale price for the property was $7,125,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,125,000
- Units: 24
- Price per Unit: $296,875
- Square Footage: 23,973
- Price per Square Foot: $297
The buyer of the property is Nathan Stein, while the seller is Jennifer Jared. The deal was facilitated by brokers David Saghian from Kidder Mathews and Michael Monempour from Lyon Stahl Investment Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$379,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,313.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,776.14
Annual Debt Service$405,313.62
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