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
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.
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
2.07%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93