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
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