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1218 North Mansfield Avenue...

Berkshire Hathaway HomeServices Acquires Multifamily Property In Los Angeles For $2.3M
SOLDMultiFamily

Berkshire Hathaway HomeServices Acquires Multifamily Property In Los Angeles For $2.3M

1218 North Mansfield Avenue, Los Angeles, CA 90038

$2,265,000

$406/SF

Building Size

5,579 SF

Asset Type

MultiFamily

Closing

Sep 20, 2021

AI

The multifamily property located at 1218 N. Mansfield Ave. in Los Angeles has been sold for a total price of $2,265,000. The property consists of 8 units with an average price per unit of $283,125. The total square footage of the property is 5,579, resulting in a price per square foot of $405.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,265,000
  • Units: 8
  • Price Per Unit: $283,125
  • Square Footage: 5,579
  • Price Per Square Foot: $405
  • Address: 1218 N. Mansfield Ave.
  • Market: Los Angeles

The sale of the property was facilitated by the brokers Adam Rose, Tom Jonsson, and Will James.

Players

Tom Jonsson

James Capital Advisors

Broker

$32.8M

vol

8 deals

Broker

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

7.00%

Cash-on-Cash

-2.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93