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Bingo Real Estate LLC Acquires Multifamily Property From Sola Impact Fund II LP For $1.28M

Property Image
SOLD
$1,280,000

California

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MultiFamily5,280 SF
Sold 03/15/2023
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Property Image
SOLD

Bingo Real Estate LLC Acquires Multifamily Property From Sola Impact Fund II LP For $1.28M

12910 S Vermont St

See Similar Deals
MultiFamily5,280 SF
Sold 03/15/2023
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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.

Players

Brandon Evans
18 deals$57.1M volume(805) 814-9070
BROKER

BUYER

Details

SOLD
IMAGE: 03/15/2023 ADDRESS: 12910 S Vermont St MARKET: Gardena ASSET TYPE: MultiFamily BROKERS: Brandon Evans(Lyon Stahl Investment Real Estate) BUYER: Bingo Real Estate LLC SELLER: Sola Impact Fund II, LP PRICE: $1,280,000.00 SF: 5280.0

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Deal Type
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