Jared Levine And Hirsch Sherman Acquire Multifamily Asset In Valley Village For $3.75M
SOLD
California
See Similar DealsMultiFamily13,608 SF
Sold
SOLD
Jared Levine And Hirsch Sherman Acquire Multifamily Asset In Valley Village For $3.75M
12121 La Maida Street, Valley Village, CA 91607, USA
See Similar DealsMultiFamily13,608 SF
Sold
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.
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Deal Type
30 years
10 years
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
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