Optimus Properties Acquires La Cienega Heights Multifamily For $5.7M With Buyers Rep Cameron Samimi & Parker Boehle
SOLD
$5,745,000
California
See Similar DealsMultiFamily16,280 SF
Sold
SOLD
Optimus Properties Acquires La Cienega Heights Multifamily For $5.7M With Buyers Rep Cameron Samimi & Parker Boehle
1933 South Bedford Street, Los Angeles, CA, USA
See Similar DealsMultiFamily16,280 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$352
Total Square Footage:16280 SF
Transaction Type:Sale
Optimus Properties has acquired a multifamily property located at 1933 S. Bedford St. in La Cienega Heights. The transaction took place on March 16, 2021. The property consists of 16 units with a total square footage of 16,280. The sale price for the property was $5,745,000, which translates to a price per unit of $359,063. The price per square foot is $352. The property boasts a 4.53% capitalization rate.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,745,000
- Address: 1933 S. Bedford St.
- Market: La Cienega Heights
- Buyer: Optimus Properties
- Seller: Mary Jane Taylor
- Brokers: Cameron Samimi & Parker Boehle
Cameron Samimi & Parker Boehle from Samimi Investments represented both the buyer, Optimus Properties, and the seller, Mary Jane Taylor, in the transaction.
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BUYER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$306,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,410.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,234.23
Annual Debt Service$326,810.77
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