Bingo Real Estate LLC Acquires Multifamily Property From Sola Impact Fund II LP For $1.28M
SOLD
$1,280,000
California
See Similar DealsMultiFamily5,280 SF
Sold 03/15/2023
SOLD
Bingo Real Estate LLC Acquires Multifamily Property From Sola Impact Fund II LP For $1.28M
12910 S Vermont St
See Similar DealsMultiFamily5,280 SF
Sold 03/15/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$242
Total Square Footage:5,280 SF
Lot Square Footage:7502 SF
Transaction Type:Sale
The property asset involved in this transaction is a multi-family building located at 12910 S Vermont St in Gardena. The sale was completed for a price of $1,280,000.00 and encompasses a total square footage of 5,280.0 sqft.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,280,000.00
- Address: 12910 S Vermont St
- Market: Gardena
- Square Footage: 5280.0
- Buyer: Bingo Real Estate LLC
- Seller: Sola Impact Fund II, LP
- Broker: Brandon Evans - Lyon Stahl Investment Real Estate
This transaction was notably facilitated by Brandon Evans, representing the broker Lyon Stahl Investment Real Estate. The buyer, Bingo Real Estate LLC, has acquired the property from Sola Impact Fund II, LP, marking a significant milestone in their investment portfolio.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$68,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,547.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,067.85
Annual Debt Service$72,814.24
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