Crestview Multifamily Sells For $2.14M With Christopher Kim, Tyler Chung & Tom Jonsson
1942 South Sherbourne Drive, Los Angeles, CA 90034
$2,140,000
$339/SF
Building Size
6,300 SF
Asset Type
MultiFamily
Closing
Apr 30, 2020
AI
A multifamily property located at 1942 S. Sherbourne Dr. in Crestview has been sold for a sale price of $2,140,000. The property consists of six units with a total square footage of 6,300. The price per unit (PPU) is calculated at $356,667, and the price per square foot (PPSF) is $339. The property has a Gross Rent Multiplier (GRM) of 13.61x and a capitalization rate (CAP) of 4.48%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,140,000
- Address: 1942 S. Sherbourne Dr.
- Market: Crestview
The sale of this multifamily property was facilitated by brokers Christopher Kim from CdkKim, Tyler Chung, Tom Jonsson from TomJonssonCRE, and Will James. They played a crucial role in bringing the buyer and seller together to successfully close 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
7.41%
Cash-on-Cash
-2.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93