Ronald Mayer Acquires 12-Unit Multifamily Property In East Hollywood For $3M
SOLD
$3,000,000
California
See Similar DealsMultiFamily9,000 SF
Sold 12/04/2022
SOLD
Ronald Mayer Acquires 12-Unit Multifamily Property In East Hollywood For $3M
1333 N Kingsley Dr, Los Angeles, CA 90027, USA
See Similar DealsMultiFamily9,000 SF
Sold 12/04/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$333
Total Square Footage:9,000 SF
Transaction Type:Sale
A multifamily property located at 1333 N Kingsley Dr in East Hollywood, Los Angeles, CA has been sold in a recent transaction. The property consists of 12 units with a total square footage of 9,000. The sale price for the property was $3,000,000, which translates to a price per unit (PPU) of $250,000 and a price per square foot (PPSF) of $333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Units: 12
- Price per Unit (PPU): $250,000
- Square Footage: 9,000
- Price per Square Foot (PPSF): $333
Ronald Mayer has acquired the property from John Frank. The brokerage services were provided by Ariel Sayani from Kidder Matthews.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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