Jared Levine And Hirsch Sherman Acquire Multifamily Asset In Valley Village For $3.75M
12121 La Maida Street, Valley Village, CA 91607, USA
$3,750,000
$275/SF
Building Size
13,608 SF
Asset Type
MultiFamily
Closing
Jun 13, 2019
AI
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
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93