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1245 N Harvard Blvd

Jason Lopata Purchases Multifamily Property At 1245 N Harvard Blvd From Bradley Shupps For $1.75M
SOLDMultiFamily

Jason Lopata Purchases Multifamily Property At 1245 N Harvard Blvd From Bradley Shupps For $1.75M

1245 N Harvard Blvd

$1,750,000

$350/SF

Building Size

5,000 SF

Asset Type

MultiFamily

Closing

Jul 11, 2023

AI

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.

Players

Laura Kalb

Hilton & Hyland

Broker

$13.5M

vol

2 deals

Broker

Jason Lopata

Buyer
Buyer

Bradley Shupps

Seller
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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93