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.
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