Updated Oct 28, 2024
Alliance Residential Co. Acquires Multifamily Property In Los Angeles For $64.3M
1800 North New Hampshire Avenue, Los Angeles, California 90027, United States
$64,300,000
Units
134
Asset Type
MultiFamily
Closing
Jul 13, 2022
About this deal
AI
Located at 1800 N. New Hampshire Ave., this multifamily property in Los Angeles has been sold in a recent transaction. The sale was facilitated by Kevin Green, Greg Harris, and Joseph Grabiec, representing Pacific Urban Investors. The property, consisting of 134 units, was acquired by Alliance Residential Co. for a sale price of $64,300,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $64,300,000
- Market: Los Angeles
- Address: 1800 N. New Hampshire Ave.
Alliance Residential Co. acted as the buyer, while Pacific Urban Investors served as the seller. The seller's representatives in the deal were Kevin Green, Joseph Grabiec, and Greg Harris from Institutional Property Advisors, who were working on behalf of Marcus & Millichap.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $479.9K per unit across 134 units on a published $64.3M (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93