Updated Oct 29, 2024
S.S. 1631 Harvard LLC Acquires Multifamily Property On N Harvard Blvd. For $2.705M
1631 North Harvard Boulevard, Los Angeles, CA 90027, USA
$2,705,000
$425/SF
Building Size
6,364 SF
Asset Type
MultiFamily
Closing
Feb 13, 2019
About this deal
AI
The multifamily property located at 1631 N Harvard Blvd. has been sold for $2.705 million. The property spans over 6,364 square feet, offering nine units to its residents. With a price per square foot of $425, the buyer, S.S. 1631 Harvard LLC, purchased each unit for an average of $300,556. The seller in this transaction was Harvard Blvd Apts, and the deal was facilitated by brokers Sam Liberow & Max Gersht.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2.705M
- Square Footage: 6,364
- Price Per Square Foot: $425
- Number of Units: 9
- Price Per Unit: $300,556
- Buyer: S.S. 1631 Harvard LLC
- Seller: Harvard Blvd Apts
- Brokers: Sam Liberow & Max Gersht
The deal involved Sam Liberow and Max Gersht as the brokers representing the buyer and seller, respectively. This transaction was completed on February 14, 2019.
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
5.86%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93