Berkshire Hathaway HomeServices Acquires Multifamily Property In Los Angeles For $2.3M
SOLD
California
See Similar DealsMultiFamily5,579 SF
Sold 09/20/2021
SOLD
Berkshire Hathaway HomeServices Acquires Multifamily Property In Los Angeles For $2.3M
1218 North Mansfield Avenue, Los Angeles, CA 90038
See Similar DealsMultiFamily5,579 SF
Sold 09/20/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$406
Total Square Footage:5,579 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,047.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,737.26
Annual Debt Service$128,847.07
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