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

Property Image
SOLD
$2,700,000

California

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MultiFamily
Sold 11/22/2023
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Property Image
SOLD

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

1807 South New Hampshire Avenue

See Similar Deals
MultiFamily
Sold 11/22/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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
Jason Tuvia
42 deals$127.3M volume(818) 212-2735
BROKER

Details

SOLD
IMAGE: Jason Tuvia DATE: 11/22/2023 ADDRESS: 1807 South New Hampshire Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BROKER: Jason Tuvia (@TuviaGroup) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $2,700,000 UNITS: 4 ~ PPU: $675,000 NOTE: Marcus & Millichap arranged the $2.6 million sale of a 2021-built apartment building at 1807 S. New Hampshire Ave. in Los Angeles' Pico Union. The property, featuring four four-bedroom units not subject to rent control, was sold by an undisclosed seller, with the buyer's name undisclosed.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53