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1333 Bates Avenue, Los Ange...

Schneider Family Trust Sells Multifamily Property In Los Angeles For $1.97M With Brokers Alexander Halimi & Morgan McMullin
SOLDMultiFamily

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

$1,970,000

$529/SF

Building Size

3,720 SF

Asset Type

MultiFamily

Closing

Aug 15, 2019

AI

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

Morgan Mcmullin

Partners CRE

Broker

$84.3M

vol

17 deals

Broker
Compass
CompassBrokerage

Schneider Family

Trust

Seller

$7.5M

vol

2 deals

Seller

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

8.05%

Cash-on-Cash

-2.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93