Updated Dec 20, 2023
Marcus & Millichap LAAA Team Sells Multifamily Property On Chariton Street In Los Angeles For $2.1M
2011 Chariton St, Los Angeles, CA 90034, Estados Unidos
$2,112,000
$33/SF
Building Size
62,670 SF
Asset Type
MultiFamily
Closing
Oct 14, 2020
About this deal
AI
A multifamily property located at 2011 Chariton Street in Los Angeles has recently been sold for $2,112,000. The property spans an area of 6,267 square feet, resulting in a price per square foot of $337. It consists of 5 units, with each unit being sold at an average price of $422,400. The capitalization rate for this transaction is reported to be 3.39%, while the capitalization gross rent multiplier stands at 17.33.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,112,000
- Square Footage: 6,267
- Price per Square Foot: $337
- Number of Units: 5
- Price per Unit: $422,400
- Capitalization Rate: 3.39%
- Capitalization Gross Rent Multiplier: 17.33
The sale of this multifamily property was facilitated by Josh Hill, Filip Niculete, and Glen Scher of Marcus & Millichap LAAA Team. Their expertise in the market and their representation of the parties involved contributed to the successful completion of this transaction.
On the Map
$2,112,000
$33/SF
MultiFamily
View full map
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Glen Scher to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.51%
Cash-on-Cash
-2.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93