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1933 South Bedford Street, ...

Optimus Properties Acquires La Cienega Heights Multifamily For $5.7M With Buyers Rep Cameron Samimi & Parker Boehle
SOLDMultiFamily

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

$5,745,000

$352/SF

Building Size

16,280 SF

Asset Type

MultiFamily

Closing

Mar 15, 2021

AI

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.

Players

Cameron Samimi
Verified Badge

Cameron Samimi

Lyon Stahl Investment Real Estate

Broker

$141.4M

vol

51 deals

Broker
Optimum Properties
Optimum PropertiesBuyer

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

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93