Bryan Cranty Acquires Multifamily In West Los Angeles For $15.2M
SOLD
$15,200,000
California
See Similar DealsMultiFamily26,155 SF
Sold 04/01/2022
SOLD
Bryan Cranty Acquires Multifamily In West Los Angeles For $15.2M
1309 Amherst Avenue, Los Angeles, California 90025, United States
See Similar DealsMultiFamily26,155 SF
Sold 04/01/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$581
Total Square Footage:26,155 SF
Transaction Type:Sale
A multifamily property located at 1309 Amherst Ave in West Los Angeles has been sold in a recent transaction. The property consists of 28 units with a total square footage of 26,155. The sale price for this transaction was $15,200,000, resulting in a price per unit of $542,857 and a price per square foot of $581.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,200,000
- Units: 28
- Price per Unit: $542,857
- Square Footage: 26,155
- Price per Square Foot: $581
Bryan Cranty acquired the property from Jeffrey Newman. The deal was facilitated by Jonathan Taksa from Taksa Investment Group, acting as the buyer's representative. The loan for this transaction was brokered by Marc Schillinger.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$810,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,002.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,055.75
Annual Debt Service$864,669.06
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