Nikal Limited Acquires MultiFamily Complex On S Bundy Dr For $6.6M
1633 S Bundy Dr, Los Angeles, CA, 90...
$6,600,000
$403/SF
Building Size
16,360 SF
Asset Type
MultiFamily
Closing
May 2, 2017
AI
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
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93