Updated Dec 4, 2024
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:
- 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