Updated Oct 28, 2024
Nick Starr Acquires Multi Family Property In Los Angeles For $1.6M
1366 Masselin Avenue, Los Angeles, CA 90019
$1,625,000
$590/SF
Building Size
2,750 SF
Asset Type
MultiFamily
Closing
Nov 2, 2021
About this deal
AI
Located in Los Angeles, the multi-family property at 1366 Masselin Ave. was recently sold in a closed transaction. The property, measuring 2,750 square feet, features multiple units. Grant Gaon took the image of the property on November 2, 2021.
Summary of transaction details
- Property Type: Multi family
- Transaction Amount: $1,625,000
- Price Per Square Foot: $590
- Market: Los Angeles
Nick Starr purchased the property from the SV Trust, represented by Glen Neiman. Grant Gaon acted as the buyer's representative during the transaction. On the other hand, Geoff McIntosh and Scott Chapman, from Coldwell Banker Coastal Alliance, represented the seller, SV Trust.
Note: No additional information regarding the property or individuals involved in the transaction was provided.
On the Map
$1,625,000
$590/SF
MultiFamily
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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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93