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
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