Studio City Multifamily Sells For $7.9M With LAATeam's Brokers Filip Niculete, Glen Scher, Jonathan Erster, And Melinda Russell
12100 Valley Spring Ln, Studio City, CA 91604, USA
$7,900,000
$387/SF
Building Size
20,392 SF
Asset Type
MultiFamily
Closing
May 11, 2020
AI
A multifamily property located at 12100 Valley Spring Lane in Studio City has been sold in a closed transaction. The property consists of 20 units with a total square footage of 20,392. The transaction was facilitated by brokers Filip Niculete, Glen Scher, Jonathan Erster, and Melinda Russell from LAAATeam. The property was sold for a price of $7,900,000, resulting in a price per square foot of $387.41. The price per unit was $395,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,900,000
- Address: 12100 Valley Spring Lane
- Market: Studio City
- Brokers: Filip Niculete, Glen Scher, Jonathan Erster, Melinda Russell @LAAATeam
During the transaction, Filip Niculete, Glen Scher, Jonathan Erster, and Melinda Russell from LAAATeam acted as representatives for the involved parties. The sale of this multifamily property highlights the expertise and professionalism of the brokers involved.
Players
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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93