facebook
Traded Co logo
Submit

1516 Butler Ave Multifamily Sold For $2.6M By Xenon Investment Corp To 1516 JCE Butler LLC

Property Image
SOLD
$2,640,000

California

See Similar Deals
MultiFamily5,871 SF
Sold 06/18/2019
the dealplayerscompscontact
Property Image
SOLD

1516 Butler Ave Multifamily Sold For $2.6M By Xenon Investment Corp To 1516 JCE Butler LLC

1516 Butler Avenue, Los Angeles, CA 90025, USA

See Similar Deals
MultiFamily5,871 SF
Sold 06/18/2019
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$449
Total Square Footage:5,871 SF
Transaction Type:Sale

A multifamily property located at 1516 Butler Ave in West Los Angeles has been sold for a price of $2,640,000. The property spans a total of 5,871 square feet, resulting in a price per square foot of $449.67. This multifamily asset consists of 8 units, with a price per unit of $330,000. The gross rent multiplier (GRM) for this transaction is 17.3.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,640,000
  • Address: 1516 Butler Ave
  • Market: West Los Angeles
  • Square Footage: 5,871
  • Price per Square Foot: $449.67
  • Number of Units: 8
  • Price per Unit: $330,000
  • Gross Rent Multiplier (GRM): 17.3

The buyer of the property is 1516 JCE Butler LLC, while the seller is Xenon Investment Corp. Acting as the broker in this transaction is Ramin Gheitanchi.

Players

Ramin Gheitanchi
Keller Williams Realty
Ramin Gheitanchi
9 deals$37.1M volume
BROKER
XC
Xenon Investment Corp
SELLER

Details

SOLD
IMAGE: Ramin Gheitanchi @ramini5 DATE: 06/18/2019 ADDRESS: 1516 Butler Ave MARKET: West Los Angeles ASSET TYPE: Multifamily PRICE: $2,640,000 SF: 5,871 PPSF: $449.67 UNITS: 8 PPU: $330,000 GRM: 17.3 BUYER: 1516 JCE Butler LLC SELLER: Xenon Investment Corp BROKERS: Ramin Gheitanchi

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$140,800.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,379.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,514.95
Annual Debt Service$150,179.36