Private Investor Buys MultiFamily Property In Los Angeles For $2.79M
SOLD
$2,790,000
California
See Similar DealsMultiFamily
Sold 12/06/2016
SOLD
Private Investor Buys MultiFamily Property In Los Angeles For $2.79M
160 S Hayworth Ave, Los Angeles, CA...
See Similar DealsMultiFamily
Sold 12/06/2016
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The property at 156-160 South Hayworth Ave in Los Angeles, CA, is a two-story multi-family asset. The fully occupied seven-unit property features a three-bedroom penthouse with an elevator, one three-bedroom unit, two two-bedroom units, and three one-bedroom units. The property was recently sold for $2.79 million to a private investor by Stepp Commercial. The deal closed at a cap rate of 3.6%.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $2,790,000.00
- Address: 160 S Hayworth Ave, Los Angeles, CA...
- Market: Los Angeles
- Buyer: Private Investor
Kimberly Roberts Stepp, a principal at Stepp Commercial, represented the buyer in this transaction. The seller of the property was a family trust based in Los Angeles.
Players
Details
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
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$148,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,912.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,226.02
Annual Debt Service$158,712.28
Is there something missing? Send suggestions