Crestview Multifamily Sells For $2.14M With Christopher Kim, Tyler Chung & Tom Jonsson
SOLD
$2,140,000
+ 1
California
See Similar DealsMultiFamily6,300 SF
Sold 04/30/2020
SOLD
Crestview Multifamily Sells For $2.14M With Christopher Kim, Tyler Chung & Tom Jonsson
1942 South Sherbourne Drive, Los Angeles, CA 90034
See Similar DealsMultiFamily6,300 SF
Sold 04/30/2020
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$339
Total Square Footage:6,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,602.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,144.69
Annual Debt Service$121,736.30
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