Updated Dec 4, 2024
Nathan Stein Acquires Valley Village Multifamily Property For $7.125M
12015 Kling Street
$7,125,000
$297/SF
Building Size
23,973 SF
Asset Type
MultiFamily
Closing
Dec 27, 2023
About this deal
AI
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.
On the Map
$7,125,000
$297/SF
MultiFamily
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Players
Valley Village 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93