Jason Lopata Purchases Multifamily Property At 1245 N Harvard Blvd From Bradley Shupps For $1.75M
SOLD
$1,750,000
California
See Similar DealsMultiFamily5,000 SF
Sold 07/11/2023
SOLD
Jason Lopata Purchases Multifamily Property At 1245 N Harvard Blvd From Bradley Shupps For $1.75M
1245 N Harvard Blvd
See Similar DealsMultiFamily5,000 SF
Sold 07/11/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$350
Total Square Footage:5,000 SF
Transaction Type:Sale
The property involved in this transaction is a MultiFamily asset located at 1245 N Harvard Blvd in the Los Angeles market. The transaction closed at a price of $1,750,000.00 for a total area of 5000.0 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,750,000.00
- Address: 1245 N Harvard Blvd
- Market: Los Angeles
- Square Footage: 5000.0
- Buyer: Jason Lopata
- Seller: Bradley Shupps
- Brokers: Chase Simonton (Re/Max), John Sarna (Re/Max), Laura Kalb (Hilton & Hyland)
The key individuals involved in this transaction include the buyer, Jason Lopata, and the seller, Bradley Shupps. The brokers representing the transaction are Chase Simonton, John Sarna, both from Re/Max, and Laura Kalb from Hilton & Hyland.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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