Pacific Partners Real Estate Investments Acquires MultiFamily Property In Los Angeles For $9.995M
SOLD
$9,995,000
California
See Similar DealsMultiFamily23,671 SF
Sold 08/16/2023
SOLD
Pacific Partners Real Estate Investments Acquires MultiFamily Property In Los Angeles For $9.995M
1616 N Serrano Ave Los Angeles, CA 90027, USA
See Similar DealsMultiFamily23,671 SF
Sold 08/16/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$422
Total Square Footage:23,671 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,510.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,381.40
Annual Debt Service$568,576.79
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