Michael Seltzer Buys Multifamily Property On S. Hayworth Ave. In Los Angeles For $3.35M
SOLD
$3,355,000
+ 2
California
See Similar DealsMultiFamily7,449 SF
Sold 01/24/2022
SOLD
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
See Similar DealsMultiFamily7,449 SF
Sold 01/24/2022
+ 2
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$450
Total Square Footage:7,449 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$178,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,919.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,904.41
Annual Debt Service$190,852.94
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