Updated Oct 29, 2024
Monem Corporation Acquires Multifamily Property On 12100 West Olympic Blvd. For $5.1M
12100 W Olympic Blvd, Los Angeles, CA, USA
$5,100,000
$358/SF
Building Size
14,232 SF
Asset Type
MultiFamily
Closing
Aug 5, 2019
About this deal
AI
The multifamily property located at 12100 West Olympic Blvd has been sold for $5,100,000. The transaction took place on 08/06/2019 and involved the buyer, Monem Corporation, and the seller, Z & A Associates Inc. The property spans a total of 14,232 square feet, resulting in a price per square foot of $358.35.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Date: 08/06/2019
- Address: 12100 West Olympic Blvd
- Buyer: Monem Corporation
- Seller: Z & A Associates Inc
The brokers involved in this transaction were Richard Ringer and Jeff Benson from RingerBenson.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93