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.
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