Jeff Harris Acquires Multifamily Property In Valley Village For $2.475M
12159 Magnolia Boulevard
$2,475,000
$277/SF
Building Size
8,918 SF
Asset Type
MultiFamily
Closing
Mar 29, 2024
AI
The multifamily property located at 12159 Magnolia Boulevard in Valley Village was recently sold for $2,475,000. The transaction involved 10 units with a price per unit of $247,500. The total square footage of the property is 8,918, resulting in a price per square foot of $278.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,475,000
- Units: 10
- Price Per Unit: $247,500
- Square Footage: 8,918
- Price Per Square Foot: $278
- Address: 12159 Magnolia Boulevard
- Market: Valley Village
Jeff Harris acquired the property from Laura Nunnaly in this transaction. The deal was facilitated by Alex Galuz from Keller Williams, who represented the parties involved in the sale.
Valley Village 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
6.41%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93