Jay Harik Acquires Multifamily Property In Beverlywood From Revere Investments For $4.17M
SOLD
$4,170,000
California
See Similar DealsMultiFamily8,912 SF
Sold 04/14/2022
SOLD
Jay Harik Acquires Multifamily Property In Beverlywood From Revere Investments For $4.17M
2009 Preuss Road, Los Angeles, California 90034, United States
See Similar DealsMultiFamily8,912 SF
Sold 04/14/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$467
Total Square Footage:8,912 SF
Transaction Type:Sale
A multifamily property located at 2009 Preuss Rd. in Beverlywood has been sold for a total of $4,170,000. The property consists of 11 units with an average price per unit of $379,090. The total square footage is 8,912, resulting in an average price per square foot of $467.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,170,000
- Units: 11
- Price per Unit: $379,090
- Square Footage: 8,912
- Price per Square Foot: $467
- Address: 2009 Preuss Rd., Beverlywood
- Market: Beverlywood
The buyer for this transaction is Jay Harik, while the seller is Revere Investments. The seller was represented by John Swartz and Chris Chasin from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$222,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,815.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,767.93
Annual Debt Service$237,215.13
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