Christian Tanev Sells Multifamily Property At 1503 Loma Dr Hermosa Beach For $1.84M
SOLD
$1,840,000
California
See Similar DealsMultiFamily1,220 SF
Sold 11/02/2022
SOLD
Christian Tanev Sells Multifamily Property At 1503 Loma Dr Hermosa Beach For $1.84M
1503 Loma Dr
See Similar DealsMultiFamily1,220 SF
Sold 11/02/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$1,508
Total Square Footage:1,220 SF
Lot Square Footage:1247 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,537.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,722.54
Annual Debt Service$104,670.46
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