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
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