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1977 Kenmore Avenue

Brock Harris & Renee Rosen Facilitate $2.72M Triplex Sale In Los Angeles
SOLDMultiFamily

Brock Harris & Renee Rosen Facilitate $2.72M Triplex Sale In Los Angeles

1977 Kenmore Avenue

$2,725,000

$457/SF

Building Size

5,954 SF

Asset Type

MultiFamily

Closing

May 6, 2024

AI

The multifamily property located at 1977 Kenmore Avenue in Los Angeles, known for its sophisticated Spanish-style design, was recently sold for $2,725,000. The triplex consists of three unique apartments, totaling 5,954 square feet, and was acquired at a price per square foot of $458. The transaction was facilitated by Brock Harris from Keller Williams, representing the buyer, and Renee Rosen from Berkshire Hathaway HomeServices California Realty, representing the seller.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,725,000
  • Address: 1977 Kenmore Avenue
  • Market: Los Angeles
  • Square Footage: 5,954
  • Buyer's Rep: Brock Harris - Keller Williams
  • Seller's Rep: Renee Rosen - Berkshire Hathaway HomeServices California Realty

Brock Harris of Keller Williams skillfully represented the buyer in acquiring the property, while Renee Rosen of Berkshire Hathaway HomeServices California Realty expertly acted as the seller's representative in the deal.

Players

Brock Harris

Keller Williams Realty

Broker

$16.2M

vol

4 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

5.82%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93