Schneider Family Trust Sells Multifamily Property In Los Angeles For $1.97M With Brokers Alexander Halimi & Morgan McMullin
SOLD
$1,970,000
California
See Similar DealsMultiFamily3,720 SF
Sold 08/16/2019
SOLD
Schneider Family Trust Sells Multifamily Property In Los Angeles For $1.97M With Brokers Alexander Halimi & Morgan McMullin
1333 Bates Avenue, Los Angeles, CA 90027, USA
See Similar DealsMultiFamily3,720 SF
Sold 08/16/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$529
Total Square Footage:3,720 SF
Transaction Type:Sale
The multifamily property located at 1333 Bates Ave in Los Angeles has been sold for a price of $1,970,000. The property spans across 3,720 square feet, resulting in a price per square foot of $529.57. This four-unit property was purchased at a price of $492,500 per unit.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,970,000
- Square Footage: 3,720 sqft
- Price Per Square Foot: $529.57
- Number of Units: 4
- Price Per Unit: $492,500
The seller of the property was the Schneider Family Trust. The transaction was facilitated by Alexander Halimi and Morgan McMullin, both representing the parties involved in the deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,998.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,338.81
Annual Debt Service$112,065.66
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