Updated Sep 9, 2024
Pacific Partners Real Estate Investments Acquires MultiFamily Property In Los Angeles For $9.995M
1616 N Serrano Ave Los Angeles, CA 90027, USA
$9,995,000
$422/SF
Building Size
23,671 SF
Asset Type
MultiFamily
Closing
Aug 16, 2023
About this deal
AI
Located at 1616 Serrano Avenue in Los Angeles, this multifamily property was recently sold in a transaction facilitated by Jim Khuri as the seller. The asset consists of 27 units, offering a per unit price of $370,185. The total square footage of the property is 23,671, with a price per square foot of $422.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $9,995,000
- Units: 27
- Price per Unit: $370,185
- Square Footage: 23,671
- Price per Square Foot: $422
- Address: 1616 Serrano Avenue, Los Angeles
The buyer's representatives in this deal were Zac Freehling and Tyler Farrar from Pacific Partners Real Estate Investments.
On the Map
$9,995,000
$422/SF
MultiFamily
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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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93