Updated Dec 21, 2023
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
About this deal
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.
On the Map
$3,355,000
$450/SF
MultiFamily
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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
4.73%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93