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
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