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1747 North Kingsley Drive

Updated Dec 4, 2024

Bilt advertisement
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

About this deal

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

$240.4M

vol

63 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $450 per square foot on a published $6.4M for 14,144 square feet (2024).

Visit Tyler Farrar to view all their deals.

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

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