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12100 Valley Spring Ln, Stu...

Studio City Multifamily Sells For $7.9M With LAATeam's Brokers Filip Niculete, Glen Scher, Jonathan Erster, And Melinda Russell
SOLDMultiFamily

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

Filip Niculete

Marcus & Millichap

Broker

$788.2M

vol

198 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

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93