Dana Brody Of Marcus & Millichap Acquires Los Angeles Multifamily Property For $2M As Buyer's Rep
209 South Rampart Boulevard
$2,000,000
$180/SF
Building Size
11,096 SF
Asset Type
MultiFamily
Closing
Apr 1, 2024
AI
A multifamily property located at 209 South Rampart Boulevard in Los Angeles was sold for $2 million. The property comprises 16 units, including 14 one-bedroom and 2 two-bedroom units, situated in a densely populated area with proximity to parks, shopping centers, and downtown.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Units: 16
- Price Per Unit: $125,000
- Square Footage: 11,096
- Price Per Square Foot: $180
- Acres: 0.29
- Address: 209 South Rampart Boulevard
- Market: Los Angeles
The buyer's representative for the transaction was Dana Brody from Marcus & Millichap, while the seller's representatives were Michael Weaver and Robert Leighton from Rodeo Realty.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93