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1943 Hancock Street

Armand Martinez Of Century 21 Masters Represents Buyer In $2.78M Multifamily Sale In Los Angeles
SOLDMultiFamily

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:

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

Crystal Hayes

Christie's International Real Estate

Broker

$5.3M

vol

2 deals

Broker

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