Mathew Bahri Of Nelson Shelton Real Estate Brokers $2.67M Multifamily Sale In Los Angeles
1920 Manning Avenue
$2,675,000
$454/SF
Building Size
5,890 SF
Asset Type
MultiFamily
Closing
Apr 15, 2024
AI
The multifamily property located at 1920 Manning Avenue in Los Angeles was sold for $2,675,000. It spans 5,890 square feet and consists of five 2-bedroom/2-bathroom units, one 1-bedroom/1-bathroom unit, and one bachelor unit, offering substantial income potential in a sought-after area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,675,000
- SF: 5,890
- PPSF: $454
- Address: 1920 Manning Avenue
- Market: Los Angeles
Mathew Bahri from Nelson Shelton Real Estate served as the buyer's representative, while Fernanda Flicker from Kwame Granderson represented the seller in the transaction at 1920 Manning Avenue. The deal was successfully brokered between the parties, showcasing the expertise and professionalism of the involved individuals.
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
5.93%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93