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1240 South Bronson Avenue, ...

Gary Goren Acquires Multifamily Property In Los Angeles For $2.08M
SOLDMultiFamily

Gary Goren Acquires Multifamily Property In Los Angeles For $2.08M

1240 South Bronson Avenue, Los Angeles, California 90019, United States

$2,080,000

$352/SF

Building Size

5,901 SF

Asset Type

MultiFamily

Closing

May 9, 2022

AI

The multifamily property located at 1240 S. Bronson Ave. in Los Angeles has been sold for a price of $2,080,000. The property consists of 9 units with a total square footage of 5,901. The sale price per unit amounts to $231,111, while the price per square foot is $352. The transaction took place on 05/10/2022.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,080,000
  • Address: 1240 S. Bronson Ave.
  • Market: Los Angeles
  • Units: 9
  • Price Per Unit: $231,111
  • Square Footage: 5,901
  • Price Per Square Foot: $352

The buyer of the property is Gary Goren, while the sellers are Eduardo Torres and Mirna Torres. The sale was facilitated by Jake Glaser, John Boyett, and Daniel Withers, who represented both the buyer and the sellers in the transaction. The brokers are from Matthews Real Estate Investment Services.

Players

Daniel Withers

Matthews

Broker

$198.2M

vol

32 deals

Broker
Gary Goren

Gary Goren

Buyer

$25.7M

vol

8 deals

Buyer

Eduardo Torres

Seller

$4.5M

vol

2 deals

Seller

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

7.63%

Cash-on-Cash

-2.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93