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1926 Santa Ynez Street

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

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

1926 Santa Ynez Street

$2,330,000

$504/SF

Building Size

4,621 SF

Asset Type

MultiFamily

Closing

Mar 21, 2024

AI

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

Broker

$85.8M

vol

17 deals

Broker

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

6.81%

Cash-on-Cash

-1.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93