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
Hermosa Beach 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
8.62%
Cash-on-Cash
-2.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93