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:
- 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.
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
2.49%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93