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
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