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148 South Hayworth Avenue, ...

Michael Seltzer Buys Multifamily Property On S. Hayworth Ave. In Los Angeles For $3.35M
SOLDMultiFamily

Michael Seltzer Buys Multifamily Property On S. Hayworth Ave. In Los Angeles For $3.35M

148 South Hayworth Avenue, Los Angeles, California 90048, United States

$3,355,000

$450/SF

Building Size

7,449 SF

Asset Type

MultiFamily

Closing

Jan 23, 2022

AI

The multifamily property located at 148 S. Hayworth Ave. in Los Angeles has been sold in a recent transaction. The property consists of 9 units with a total square footage of 7,449. The sale price for the property was $3,355,000, resulting in a price per unit of $372,777 and a price per square foot of $450.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,355,000
  • Address: 148 S. Hayworth Ave.
  • Market: Los Angeles

The buyer of the multifamily property was Michael Seltzer, while Eddie Surkin served as the seller. The brokers involved in the transaction were Rick Ramirez, Eric Mandell, and Chris Kim, representing Ally Commercial Real Estate. For any real estate needs, Ally Commercial Real Estate can be contacted at (424) 317-0312.

Players

Rick Ramirez

Ally Commercial Real Estate

Broker

$82.9M

vol

22 deals

Broker

Michael Seltzer

Buyer

$19.1M

vol

3 deals

Buyer

Eddie Surkin

Seller

$6.9M

vol

3 deals

Seller

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.73%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93