2035 Dracena Drive Multifamily Sold For $24M With David Weinberger, Phil Seymour & Jonathan Taksa At The Seymour Group & Taksa Investment Group
SOLD
$24,000,000
California
See Similar DealsMultiFamily667,680 SF
Sold 07/31/2020
SOLD
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
See Similar DealsMultiFamily667,680 SF
Sold 07/31/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$35
Total Square Footage:667,680 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
Is there something missing? Send suggestions