Updated Sep 9, 2024
Davis Saadian Acquires USC Student Housing In Downtown LA For $3.3M
1236 West 30th Street, Los Angeles, CA, USA
$3,295,000
$622/SF
Building Size
5,295 SF
Asset Type
MultiFamily
Closing
May 1, 2019
About this deal
AI
The recently closed sale of a multifamily property in the USC/Downtown LA market has captivated the attention of real estate enthusiasts. This property, located at 1236-1238 W. 30th St, boasts a total of 14 bedrooms, making it ideal for accommodating USC students seeking comfortable housing. The transaction, facilitated by broker Davis Saadian, settled at an impressive price of $3,295,000, reflecting the strong demand for housing in the area.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,295,000
- Address: 1236-1238 W. 30th St
- Market: USC / Downtown LA
- Broker: Davis Saadian
With a total area of 5,295 square feet, this USC student housing asset stands as a prime investment opportunity. Davis Saadian's exceptional brokerage skills played a vital role in the successful execution of this deal, showcasing his commitment to providing valuable real estate solutions.
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
4.81%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93