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1807 South New Hampshire Av...

Marcus & Millichap Arranges $2.6M Sale Of New Hampshire Avenue Multifamily Property In Los Angeles
SOLDMultiFamily

Marcus & Millichap Arranges $2.6M Sale Of New Hampshire Avenue Multifamily Property In Los Angeles

1807 South New Hampshire Avenue

$2,700,000

Building Size

Asset Type

MultiFamily

Closing

Nov 22, 2023

AI

A 2021-built apartment building located at 1807 South New Hampshire Avenue in Los Angeles' Pico Union neighborhood has been sold in a closed transaction. The property features four four-bedroom units that are not subject to rent control. The sale was arranged by Marcus & Millichap for a total price of $2,700,000, resulting in a price per unit of $675,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,700,000
  • Units: 4
  • Price per Unit: $675,000
  • Broker: Jason Tuvia - Marcus & Millichap

Additional details about the buyer and seller have not been disclosed at this time.

Players

Jason Tuvia

Marcus & Millichap

Broker

$127.3M

vol

42 deals

Broker

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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93