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1747 North Kingsley Drive

Chase Simonton & John Sarna Of Re/Max Represent Buyer In $6.375M Los Angeles Multifamily Sale
SOLDMultiFamily

Chase Simonton & John Sarna Of Re/Max Represent Buyer In $6.375M Los Angeles Multifamily Sale

1747 North Kingsley Drive

$6,375,000

$450/SF

Building Size

14,144 SF

Asset Type

MultiFamily

Closing

Sep 27, 2024

AI

This multifamily asset, located at 1747 North Kingsley Drive in the Los Angeles market, was sold for $6,375,000. The property comprises 20 units, with a price per unit of $318,750. It spans a total square footage of 14,144, resulting in a price per square foot of $450.

Summary of transaction details:

The transaction involved key representatives from both sides; Chase Simonton and John Sarna represented the buyer through Re/Max, while the seller was represented by Zac Freehling and Tyler Farrar from Pacific Partners Real Estate Investments.

Players

Zac Freehling

Pacific Partners Real Estate Investments

Broker

$237.5M

vol

61 deals

Broker

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

2.49%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93