Chase Simonton & John Sarna Of Re/Max Represent Buyer In $6.375M Los Angeles Multifamily Sale
SOLD
$6,375,000
+ 1
California
See Similar DealsMultiFamily14,144 SF
Sold 09/27/2024
SOLD
Chase Simonton & John Sarna Of Re/Max Represent Buyer In $6.375M Los Angeles Multifamily Sale
1747 North Kingsley Drive
See Similar DealsMultiFamily14,144 SF
Sold 09/27/2024
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$450
Total Square Footage:14,144 SF
Transaction Type:Sale
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:
- Property Type: Multifamily
- Transaction Amount: $6,375,000
- Units: 20
- Price Per Unit: $318,750
- Square Footage: 14,144
- Price Per Square Foot: $450
- Buyer's Representative: Chase Simonton & John Sarna - Re/Max
- Seller's Representative: Zac Freehling & Tyler Farrar - Pacific Partners Real Estate Investments
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$340,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,649.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,220.75
Annual Debt Service$362,649.03
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