Armand Martinez Of Century 21 Masters Represents Buyer In $2.78M Multifamily Sale In Los Angeles
1943 Hancock Street
$2,780,000
$430/SF
Building Size
6,454 SF
Asset Type
MultiFamily
Closing
Jan 10, 2025
AI
A 4-plex development located at 1943 Hancock Street in Los Angeles has sold for $2.78 million. The multifamily property comprises four units and spans a total of 6,454 square feet, indicating a price per unit of $695,000 and a price per square foot of $431. The property features brand new townhouse-style units with high-end finishes, solar panels, private garages, and modern amenities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,780,000
- Units: 4
- Square Footage: 6,454
- Price Per Unit: $695,000
- Price Per Square Foot: $431
- Buyer's Representative: Armand Martinez - Century 21 Masters
- Seller's Representatives: Crystal Hayes & Holland Ashrafnia - Christie's International Real Estate
The transaction was facilitated by Armand Martinez representing the buyer, while the seller was represented by Crystal Hayes and Holland Ashrafnia, highlighting the professional collaboration among the involved parties within the real estate market.
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
5.71%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93