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1920 Manning Avenue

Mathew Bahri Of Nelson Shelton Real Estate Brokers $2.67M Multifamily Sale In Los Angeles
SOLDMultiFamily

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

Mathew Bahri

Nelson Shelton Real Estate

Broker

$2.7M

vol

1 deal

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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