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1503 Loma Dr

Christian Tanev Sells Multifamily Property At 1503 Loma Dr Hermosa Beach For $1.84M
SOLDMultiFamily

Christian Tanev Sells Multifamily Property At 1503 Loma Dr Hermosa Beach For $1.84M

1503 Loma Dr

$1,840,000

$1,508/SF

Building Size

1,220 SF

Asset Type

MultiFamily

Closing

Nov 2, 2022

AI

The asset involved in this transaction is a MultiFamily property located at 1503 Loma Dr, Hermosa Beach. The sale was completed at a price of $1,840,000.00 and encompasses a total square footage of 1220.0.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,840,000.00
  • Address: 1503 Loma Dr
  • Market: Hermosa Beach
  • Square Footage: 1220.0
  • Seller: Christian Tanev

Will Joseph and Rachel Joseph from the Joseph Group represented the seller in this transaction, facilitating the deal and ensuring a successful closing on the property.

Players

Will Joseph

Joseph Group

Broker

$53M

vol

9 deals

Broker

Christian Tanev

Seller
Seller

Hermosa Beach 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

8.62%

Cash-on-Cash

-2.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93