Updated Oct 29, 2024
Mercury TIC Acquires Multifamily In Bel-Air For $40.25M
130 South Sepulveda Boulevard, Bel Air, Los Angeles, CA, USA
$40,250,000
$562/SF
Building Size
71,569 SF
Asset Type
MultiFamily
Closing
Dec 19, 2019
About this deal
AI
A multifamily property located at 130 S Sepulveda Blvd in the Bel-Air market has been sold off-market. The transaction took place on 12/20/2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $40,250,000
- Address: 130 S Sepulveda Blvd
- Square Footage: 71,569
- Price per Square Foot: $562.39
- Number of Units: 59
- Price per Unit: $682,203
- Buyer: Mercury TIC
- Seller: R.W. Selby & Co., Inc.
- Brokers: Corey Rasmussen, Nico Rosmarin - Lyon Stahl Investment Real Estate
The property, with a total area of 71,569 square feet, consists of 59 units. The transaction was facilitated by brokers Corey Rasmussen and Nico Rosmarin from Lyon Stahl Investment Real Estate. The buyer was identified as Mercury TIC, while the seller was R.W. Selby & Co., Inc.
Note: The details of this transaction were not publicly marketed.
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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93