Updated Sep 5, 2024
2035 Dracena Drive Multifamily Sold For $24M With David Weinberger, Phil Seymour & Jonathan Taksa At The Seymour Group & Taksa Investment Group
2035 Dracena Dr, Los Angeles, CA 90027, USA
$24,000,000
$35/SF
Building Size
667,680 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
About this deal
AI
The multifamily property located at 2035 Dracena Drive has been sold in a recent transaction. The property comprises 60 units with a total area of 66,768 square feet. The sale price for this property was $24,000,000, resulting in a price per square foot of $359.45. The price per unit was $400,000, and the capitalization rate was 3.2%. The property's gross rent multiplier (GRM) was 19.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $24,000,000
- SF: 66,768
- PPSF: $359.45
- Units: 60
- PPU: $400,000
- CAP: 3.2%
- GRM: 19
The sale of this multifamily property was facilitated by brokers David Weinberger and Phil Seymour from The Seymour Group, along with Jonathan Taksa from Taksa Investment Group.
On the Map
$24,000,000
$35/SF
MultiFamily
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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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93