Brook Vinetz Sells Multifamily Asset In Los Angeles For $1.95M With Lyon Stahl Investment Real Estate
1557 West 36th Place
$1,950,000
$301/SF
Building Size
6,478 SF
Asset Type
MultiFamily
Closing
Dec 31, 2024
AI
The property involved in this transaction is a multifamily asset located at 1557 West 36th Place in Los Angeles. The sale was completed for a total amount of $1,950,000, representing a price per unit of $278,571 across 7 units. The total square footage of the property is 6,478, which translates to a price per square foot of $301.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Units: 7
- Price Per Unit: $278,571
- Square Footage: 6,478
- Price Per Square Foot: $301
- Market: Los Angeles
- Seller: Brook Vinetz
- Brokers: Cameron Samimi, Kyle Soto & Martin Ensbury - Lyon Stahl Investment Real Estate
The deal was facilitated by three brokers from Lyon Stahl Investment Real Estate: Cameron Samimi, Kyle Soto, and Martin Ensbury, who represented the seller, Brook Vinetz, in this transaction.
Players
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93