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Nikal Limited Acquires MultiFamily Complex On S Bundy Dr For $6.6M

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SOLD
$6,600,000

California

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MultiFamily16,360 SF
Sold 05/02/2017
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SOLD

Nikal Limited Acquires MultiFamily Complex On S Bundy Dr For $6.6M

1633 S Bundy Dr, Los Angeles, CA, 90...

See Similar Deals
MultiFamily16,360 SF
Sold 05/02/2017
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$403
Total Square Footage:16,360 SF
Transaction Type:Sale

The sale involves a multifamily complex located at 1633 S Bundy Dr, Los Angeles, CA. The total transaction amount was $6,600,000, comprising a building with a size of 16,360 SF. The asset is situated in the Los Angeles market, comprising a three-story apartment complex that contains 20 residential units, with configurations ranging from one to three bedrooms.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $6,600,000.00
  • Address: 1633 S Bundy Dr, Los Angeles, CA
  • Market: Los Angeles
  • Square Footage: 16,360
  • Buyer: Nikal Limited
  • Seller: Kensuke and Sakiko Ogura
  • Buyer's Representative: Priscilla Nee - CBRE
  • Seller's Representatives: Rob Narchi and Peter James - Marcus & Millichap
  • Cap Rate: 2.69%
  • Gross Rent Multiplier: 19.7

The transaction was facilitated by Priscilla Nee, a senior vice president at CBRE, representing the buyer, Nikal Limited. On the seller's side, the transaction was represented by Rob Narchi and Peter James from Marcus & Millichap, representing Kensuke and Sakiko Ogura in the deal.

Players

Priscilla Nee
CBRE
Priscilla Nee
10 deals$166.5M volume
BROKER

Details

SOLD
IMAGE: 05/02/2017 ADDRESS: 1633 S Bundy Dr, Los Angeles, CA, 90... MARKET: Los Angeles ASSET TYPE: MultiFamily BUYER'S REP: Priscilla Nee - CBRE BUYER: Nikal Limited SELLER: Kensuke and Sakiko Ogura PRICE: $6,600,000.00 SF: 16360

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$352,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,448.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,287.37
Annual Debt Service$375,448.41