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12159 Magnolia Boulevard

Jeff Harris Acquires Multifamily Property In Valley Village For $2.475M
SOLDMultiFamily

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.

Players

Alex Galuz

Keller Williams Realty

Broker

$90.3M

vol

14 deals

Broker

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