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Justin Setareh, Scott Harvey, Max Berger Close $2.33M Multifamily Sale In Los Angeles

Property Image
SOLD
$2,330,000
Max Berger
Scott Harvey
Justin Setareh

California

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MultiFamily4,621 SF
Sold 03/21/2024
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Property Image
SOLD

Justin Setareh, Scott Harvey, Max Berger Close $2.33M Multifamily Sale In Los Angeles

1926 Santa Ynez Street

See Similar Deals
MultiFamily4,621 SF
Sold 03/21/2024
Max Berger
Scott Harvey
Justin Setareh
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$504
Total Square Footage:4,621 SF
Transaction Type:Sale

1926 Santa Ynez Street in Los Angeles is a multifamily property that was recently sold for $2,330,000. This property consists of 6 units with a total square footage of 4,621. The price per unit for this transaction was $388,333, and the price per square foot stood at $504.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,330,000
  • Units: 6
  • Price per Unit: $388,333
  • Square Footage: 4,621
  • Price per Square Foot: $504
  • Address: 1926 Santa Ynez Street
  • Market: Los Angeles

Justin Setareh and Scott Harvey from Figure 8 Realty represented the buyer in this transaction, while Max Berger from Compass served as the seller's representative. The involvement of these experienced professionals showcases the expertise and negotiation skills brought to the table during the sale of this multifamily property.

Players

Max Berger
Compass
Max Berger
17 deals$85.8M volume(818) 321-4972
BROKER
Scott Harvey
Figure 8 Realty
Scott Harvey
1 deal$2.3M volume(831) 915-4692
BROKER
Justin Setareh
Figure 8 Realty
Justin Setareh
1 deal$2.3M volume(310) 279-3355
BROKER

Details

SOLD
IMAGE: Max Berger, Justin Setareh & Scott Harvey DATE: 03/21/2024 ADDRESS: 1926 Santa Ynez Street MARKET: Los Angeles ASSET TYPE: Multifamily BUYER'S REP: Justin Setareh (@JustinSetareh) & Scott Harvey (@ScottHarvey__) - Figure 8 Realty (@Figure8Realty) SELLER'S REP: Max Berger (@BergerMax) - Compass (@Compass) SALE PRICE: $2,330,000 UNITS: 6 ~ PPU: $388,333 SF: 4,621 ~ PPSF: $504 NOTE: 1926 Santa Ynez Street in Los Angeles, a multifamily asset, was sold for $2,330,000 with Justin Setareh and Scott Harvey of Figure 8 Realty representing the buyer, and Max Berger of Compass representing the seller. The property comprises 6 units, with a price per unit of $388,333, and a total square footage of 4,621, equating to a price per square foot of $504.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,277.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,045.39
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