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Jared Levine And Hirsch Sherman Acquire Multifamily Asset In Valley Village For $3.75M

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SOLD
$3,750,000

California

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MultiFamily13,608 SF
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SOLD

Jared Levine And Hirsch Sherman Acquire Multifamily Asset In Valley Village For $3.75M

12121 La Maida Street, Valley Village, CA 91607, USA

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MultiFamily13,608 SF
Sold
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$275
Total Square Footage:13608 SF
Transaction Type:Sale

A multifamily property located at 12121 La Maida St in Valley Village has been sold for $3,750,000. The property spans 13,608 square feet and consists of 16 units. The price per square foot is $275.57, and the price per unit is $234,475. The capitalization rate for this transaction is 4.10%, and the gross rent multiplier is 14.4.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,750,000
  • Address: 12121 La Maida St
  • Market: Valley Village
  • Square Footage: 13,608
  • Price per Square Foot: $275.57
  • Units: 16
  • Price per Unit: $234,475
  • Capitalization Rate: 4.10%
  • Gross Rent Multiplier: 14.4

Jared Levine and Hirsch Sherman from JML Real Estate Group represented the parties involved in this sale transaction.

Players

22 deals$100.5M volume(818) 657-6556
BROKER

Details

SOLD
IMAGE: Hirsch Sherman & Jared Levine @jmlrealestategroup DATE: 06/14/2019 ADDRESS: 12121 La Maida St MARKET: Valley Village ASSET TYPE: Multifamily PRICE: $3,750,000 SF: 13,608 PPSF: $275.57 UNITS: 16 PPU: $234,475 CAP: 4.10% GRM: 14.4 BROKERS: Jared Levine, Hirsch Sherman @jmlrealestategroup

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$199,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96