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1366 Masselin Avenue, Los A...

Nick Starr Acquires Multi Family Property In Los Angeles For $1.6M
SOLDMultiFamily

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

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.

Players

Grant Gaon

Californian Estates

Broker

$1.6M

vol

1 deal

Broker

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