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
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