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170 South Mountain View Ave...

Updated Dec 21, 2023

Stepp Commercial Brokers Sell Multifamily Property In MacArthur Park For $7.68M
SOLDMultiFamily

Stepp Commercial Brokers Sell Multifamily Property In MacArthur Park For $7.68M

170 South Mountain View Avenue, Los Angeles, CA, USA

$7,680,000

$385/SF

Building Size

19,906 SF

Asset Type

MultiFamily

Closing

Feb 24, 2021

About this deal

AI

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.

The multifamily sale at 170 South Mountain View Avenue, Los Angeles, CA, USA in Los Angeles, California sold for $7.7M in 2021. Reported inventory is 19,906 square feet across 37 units, or about 385 per square foot. Mark Ventre, Darin Beebower, Kidder Mathews appear on the sale alongside Kidder Mathews. This page is the Los Angeles, California file for the 170 South Mountain View Avenue, Los Angeles, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 170 South Mountain View Avenue, Los Angeles, CA, USA around 2021. Published consideration for 170 South Mountain View Avenue, Los Angeles, CA, USA is $7.7M, dated 2021. Cite this Stepp Commercial Brokers Sell Multifamily Property In MacArthur Park For $7.68M sale when underwriting similar multifamily product around Los Angeles, California.

Players

Darin Beebower

Kidder Mathews

Broker

$150M

vol

16 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $385 per square foot on a published $7.7M for 19,906 square feet (2021).

Visit Mark Ventre to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.07%

Cash-on-Cash

-0.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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