Stepp Commercial Brokers Sell Multifamily Property In MacArthur Park For $7.68M
SOLD
$7,680,000
California
See Similar DealsMultiFamily19,906 SF
Sold 02/25/2021
SOLD
Stepp Commercial Brokers Sell Multifamily Property In MacArthur Park For $7.68M
170 South Mountain View Avenue, Los Angeles, CA, USA
See Similar DealsMultiFamily19,906 SF
Sold 02/25/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$385
Total Square Footage:19,906 SF
Transaction Type:Sale
A multifamily property located at 170 S. Mountain View Avenue in MacArthur Park has been sold for a total price of $7,680,000. The property consists of 37 units, and the per unit price amounts to $207,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,680,000
- Units: 37
- Price per Unit (PPU): $207,000
The sale was facilitated by Darin Beebower and Mark Ventre of Stepp Commercial.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$409,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,285.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,407.12
Annual Debt Service$436,885.42
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