Updated Dec 21, 2023
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.
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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